Although the International Traffic in Arms Regulations (ITAR) has been around since 1976, many companies unknowingly violate these laws. The consequences can be devastating.
Criminal penalties can reach $1 million and 10 years in prison per violation. Civil penalties can be up to $500,000 per violation. That means that if your company had two conversations and three emails with a non-approved company, you could be paying for five violations! Violators can also have their products seized and their export privileges revoked.
Avoid these penalties. Partner with the compliance experts at Mohawk Global Trade Advisors.
Contact us to set up an ITAR consultation.
