Civil Enforcement Information - Thermon Manufacturing Company

Date issued: Aug. 31 2009

You've hit a wall. Sign in if you have an account, or learn more about TURBOFAC and subscription options.
TURBOFAC is a module of the compliance platform OverRuled. To learn more about OverRuled, visit www.overruled.com.

TURBOFAC Commentary (393 words)

Notes:

1) Refer to Settlement Agreement (BIS) - Thermon Manufacturing Company for more factual information.

2) The BIS press release read as follows:

Sept 15, 2009

WASHINGTON, D.C. - The Commerce Department's Bureau of Industry and Security (BIS) announced today that five foreign subsidiaries of Thermon Manufacturing Company, a San Marcos, Texas-based firm, have agreed to pay a total of $176,000 in combined civil penalties to settle allegations that they participated in unlicensed exports and reexports of heat tracing equipment to Iran, Syria, Libya and listed entities in India, in violation of the Export Administration Regulations (EAR). Thermon Manufacturing voluntarily disclosed the violations to BIS.

"Thermon's foreign subsidiaries placed orders intended for and ultimately shipped to sanctioned countries and listed entities," said Kevin Delli-Colli Acting Secretary of Commerce for...