Haas Automation to Pay Over $2.5 Million in Combined Civil Penalties to BIS and OFAC for Prohibited Transactions, Including with Entities Affiliated with Chinese and Russian Defense Sectors

News Manufacturing & Supply Chain Sanctions & Fines

Date: 17th Jan, 2025 Source: U.S. Bureau of Industry and Security Country: USA Original Source

Brief

On January 11, 2025, the U.S. Bureau of Industry and Security issued an update regarding "Haas Automation to Pay Over $2.5 Million in Combined Civil Penalties to BIS and OFAC for Prohibited Transactions, Including with Entities Affiliated with Chinese and Russian Defense Sectors". The combined penalties were imposed on Haas Automation, Inc., a California-based manufacturer of machine tools, for alleged violations of U.S. export controls and sanctions laws.

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U.S. Bureau of Industry and Security

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Haas Automation to Pay Over $2.5 Million in Combined Civil Penalties to BIS and OFAC for Prohibited Transactions, Including with Entities Affiliated with Chinese and Russian Defense Sectors

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Haas Automation to Pay Over $2.5 Million in Combined Civil Penalties to BIS and OFAC for Prohibited Transactions, Including with Entities Affiliated with Chinese and Russian Defense Sectors

Brief

U.S. Bureau of Industry and Security

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