What happened to the United Technologies Corporation (UTC) and many of its subsidiaries?

For a concise one-page overview of the State Department case go to:  http://www.scribd.com/doc/113572181/UTC-Department-of-State-Settlement-Summary.

The summary consolidates material from the US Department of State’s Proposed Charging Letter, Consent Agreement and Order.  It is a much more concise and consistent summary in a format that is particularly useful for C-level executives and trade compliance professional’s education/training at all levels. 

Thoroughly reading settlements including monitoring various US Government enforcement and compliance resources including websites should be an integral part of any trade compliance professional’s reading and an essential element in any comprehensive Trade Compliance Program.

One-page summaries like these help get the word out in a more bite-size way and allow readers to more quickly digest and compare individual cases.

To better appreciate the two 2012 UTC enforcement actions (one criminal and one civil); you must carefully read the entire settlement package on the DDTC website at http://www.pmddtc.state.gov/compliance/consent_agreements/UTC.html.  Details on the DOJ case are included in a Press Release at http://www.justice.gov/opa/pr/2012/June/12-nsd-824.html.

CONSIDER:  What impact and implications are there regarding these cases that apply to you and your organization?

 

If you are not yet up-to-speed on what happened and the lessons learned, it is past time to get clued-in.