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United Kingdom – £6.4m Fine For Strategic Export Control Failures
UK tax authority HMRC has imposed its largest-ever compound settlement fine of £6.4 million on Airbus Operations Limited for sustained violations of strategic export control regulations. The aerospace manufacturer self-reported multiple breaches involving failures to maintain accurate records and registers required under its Open General Export Licences, marking a significant enforcement action in the UK's export controls regime.
Duane Morris LLP