Armor Holdings

Washington, DC: (Aug-28-07) The Bureau of Industry and Security brought a lawsuit against Armor Holdings, accusing it of violating Export Administration Regulations. The suit alleged that Armor Holdings exported items in excess of licensed value in violation of Export Administration Regulations Section 764.2(a). For example, Armor Holdings allegedly exported plastic handcuffs valued at $1,980 under a license that authorized export of plastic handcuffs valued at $1,000. As part of a settlement reached, Armor Holdings agreed to pay $1,102,200 to resolve the allegations. Though the settlement has been executed, sources claim that the violations of the Export Administration Regulations seem ambiguous. Three of Armor's 167 violations are said to be related to Export Administration Regulations. [EXPORT LAW BLOG: EXPORT REGULATIONS]

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Published on Aug-29-07