Japan May Increase Penalties for Export Control Violations
The United States is not the only country considering raising the penalties for export control violations. Japan's Asahi Shimbun newspaper reported today that the Industrial Structure Council of the Ministry of Economy, Trade and Industry (METI) has proposed revising Japan's Foreign Exchange and Foreign Trade Control Law to increase penalties for export control violations by "at least 10-fold".
The article notes that "Under the current law, a company which exports such products or technology without permission faces a maximum fine of 2 million yen [approximately US$16,000]." The article also cites a source that indicates that "new penalties against falsified export applications will also be established". If the new penalties are implemented, it will be the "first time in 20 years for penalties on such illegal exports to be toughened."
Labels: Export Controls, Japan
|posted by Douglas N. Jacobson| Permalink 
