US fines firm for selling to Pakistan without report

Dresser Incorporated, a multi-billion dollar manufacturer of energy infrastructure equipment, agreed to pay $9,000 in civil fines.

By
August 1, 2007 22:27
1 minute read.
israel boycott 298.88

israel boycott 298.88. (photo credit: Associated Press [file])

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

The US government has imposed a civil penalty on a prominent Texas-based firm for violating American legal strictures related to the Arab boycott of Israel. In a settlement announced on Friday, Dresser Incorporated, a multi-billion dollar manufacturer of energy infrastructure equipment, agreed to pay $9,000 in civil fines to settle charges leveled against it by the US Department of Commerce's Bureau of Industry and Security (BIS). The bureau, which oversees enforcement of US anti-boycott regulations, had alleged that "from January 2001 through January 2004 Dresser failed to report in a timely manner its receipt of nine requests to engage in a restrictive trade practice or boycott," according to a BIS release. Various Muslim and Arab states regularly ask foreign firms to supply documentation attesting that they have no business or financial ties to Israel. US law requires American companies to report requests for such information to the Commerce Department. In Dresser's case, the transactions in question all involved the sale of goods to Pakistan, which imposes restrictions on trade with Israel. The company did, however, voluntarily disclose the violations to the government, which acknowledged that Dresser had "cooperated fully with the subsequent investigation." "Although the company never took any action nor participated with any requests received, we had some situations where some of our employees did not timely report having received these requests, and therefore we did not inform the government within the prescribed time periods," a company spokesman told The Jerusalem Post in a telephone interview. "But we have made great progress," he added, noting that a new compliance department had been established within the firm to ensure conformity with the anti-boycott regulations. "Since this discovery, the company has timely filed its boycott reports, as required by the regulations," the spokesman said.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

December 18, 2018
In rare move, Israel casts vote against Russia at U.N.

By HERB KEINON