Airbus SE Agrees To Pay U.S. State Department $10 Million Settlement
Airbus SE Agrees To Pay Settlement For Armed Export Control Act Violations. The Armed Export Control Act (AECA), and the state department reached an administrative agreement with Airbus SE to resolve alleged civil violations of 22 U.S.C. And violation the International Traffic in Arms Regulations (ITAR), 22 C.F.R. The state department and Airbus SE settlement after a comprehensive compliance review by the Office of Defense Trade Control under the Department of Political-Military Affairs. The Airbus SE pursuant to ITAR agreements, by Failure to provide accurate and complete reporting on political contributions, commissions or fees in connection with the sale that he paid, or paid or agreed to pay; Failure to maintain records associated with ITAR controlled transactions; And unauthorized re-export and recycling of defense articles. The agreement demonstrates the department's role in strengthening American industry by protecting US original defense articles, including technical data from unauthorized exports. The ITAR agreement importance isrequired for appropriate authorization from the Department for the export, to control articles and providing timely and accurate reporting of the payment of fees by sale of defense articles to the other countries armed forces or international organization. Under the terms of K's consent agreement, Airbus SE will pay a civil penalty of $ 10 million. The department has agreed to suspend $ 5 million of this amount on the condition that the funds have been used or will be used for consent measures approved by the department. In this process an external special compliance officer will be engaged by Airbus SE to oversee the consent agreement, which requires the company to conduct two external audits of its compliance program during the contract period, as well as implement additional compliance measures. which have been resolved under this settlement. Airbus SE also consider the serious nature of the alleged violations of the alleged AECA and ITAR, cooperating with the department's review and made several compliance program improvements during the department's review. For these reasons, the Department has determined that it is not appropriate to use Airbus SE administratively at this time.