Avnet Asia Pte. Ltd

Parent Company:
Avnet Asia
HQ Country of Company:
Singapore
Agency:
DOJ
Location of Sentencing:
Washington D.C.
Date:
Description:

In 2021, Avnet Asia was charged by the U.S. Department of Justice for violating export control laws related to Iran. The charges included allegations that Avnet Asia, a subsidiary of the U.S.-based technology company Avnet Inc., illegally exported controlled U.S.-origin goods and technology to Iran through intermediaries in Hong Kong and China. These actions were in violation of U.S. sanctions against Iran, which prohibit the export of certain goods and services to the country due to concerns over its nuclear program and other activities. The charges highlighted the company's failure to comply with U.S. export control regulations, resulting in legal consequences and penalties for these violations.

Fine:
Total Fine
$1,508,000
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$1,508,000
Source:
Order Relating To Avnet Asia
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