Comtech Settles US Sanctions Allegations, Paying $894,111
The Office of Foreign Assets Control fined Comtech Telecommunications $894,111 for exporting warrantied satellite equipment and providing services and training to the Sudan Civil Aviation Authority, OFAC said. The settlement mandates bolstering its sanctions compliance program, including more frequent risk…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
assessments, stricter internal controls and improved compliance training. From June 2014 to October 2015, Comtech indirectly exported the equipment and “facilitated ongoing telephone support” and training despite knowing the ultimate customer was under sanction by the U.S., OFAC said: Company affiliates signed a sales agreement with a Canadian satellite communications equipment manufacturer that was procuring the equipment for a Sudanese end user. The resolution will strengthen "Comtech’s compliance program," said CEO Fred Kornberg. "Trade compliance has been, and will continue to be, a top priority.” The company didn't comment further Friday.