SWISS COMPANY SETTLES CHARGES OF ANTIBOYCOTT VIOLATIONS

The U.S. Department of Commerce today announced that Alcoa Europe SA ("AESA"), a
Swiss company and, indirectly, a wholly owned subsidiary of a domestic company, agreed to pay a $6,000 civil penalty to settle allegations that it violated the antiboycott provisions of the Export Administration Regulations (EAR).

The Commerce Department’s Bureau of Industry and Security (BIS) charged that, on six
occasions, AESA failed to report in a timely manner its receipt of a request to refrain from supplying goods or materials manufactured or processed in Israel or using any Israeli organization to handle or transport the items. The transactions involved the sale and transfer of goods from the United States to Dubai, U.A.E. AESA voluntarily disclosed the transactions that led to the allegations and fully cooperated with the investigation.

Assistant Secretary for Export Enforcement Darryl W. Jackson commended BIS's Office Antiboycott Compliance for its work on this investigation.

The antiboycott provisions of the EAR prohibit U.S. persons, including foreign subsidiaries of U.S. companies, from complying with certain requirements of unsanctioned foreign boycotts. In addition, the EAR requires that U.S. persons report their receipt of certain boycott requests to the Department of Commerce.