The U.S. Department of State has concluded an administrative settlement with Island Pyrochemical Industries Corp. (IPI), to resolve three violations of the Arms Export Control Act (AECA), 22 U.S.C. § 2751 et seq ., and the International Traffic in Arms Regulations (ITAR), 22 C.F.R. Parts 120-130. The Department of State and IPI reached this settlement following an extensive compliance review by the Office of Defense Trade Controls Compliance in the Department’s Bureau of Political-Military Affairs.
The administrative settlement between the Department of State and IPI concluded pursuant to ITAR § 128.11, addresses the misrepresentation of material facts on export license […]
Click here to visit source. www.state.gov