The recent settlement between the U.S. Bureau of Industry and Security (BIS) and Teledyne FLIR LLC (FLIR) may have escaped the attention of the export compliance community because of the relatively low value—$1 million. (While this sounds like real money to most of us, it is a relatively modest amount considering the scale of other recent corporate settlements with BIS, which tend to be in the hundreds of millions). However, this case is quite interesting and provides several instructive lesson...
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