http://www.newsbytes.com/cgi-bin/udt/im.display.printable?client.id=newsbytes&story.id=174789
Commerce Dept Fines Company For Illegal Crypto Exports By David McGuire, Newsbytes. WASHINGTON, D.C., U.S.A., 26 Feb 2002, 5:13 PM CST ****Commerce Dept Fines Company For Illegal Crypto Exports 02/26/02 WASHINGTON, D.C., U.S.A., 2002 FEB 26 (NB) -- By David McGuire, Newsbytes. The federal body that regulates exports has fined San Diego firm Neopoint Inc. $95,000 for exporting strong encryption software to Korean companies without the necessary government approval. The Commerce Department's Bureau of Export Administration imposed the fine after learning that Neopoint had exported 128-bit encryption software to two companies in South Korea without obtaining proper licenses. U.S. export regulations set limits on the strength of encryption software that can be sold to foreign buyers without government approval. "This case demonstrates that the U.S. Government can and will enforce its export controls on encryption products," Assistant Secretary of Commerce for Export Enforcement Michael J. Garcia said in a prepared statement. The Commerce Department said that Neopoint cooperated fully with the investigation. Reported by Nesbytes.com, http://www.newsbytes.com . 17:13 CST Reposted 20:00 CST (20020226/WIRES ASIA, PC, LEGAL, BUSINESS/BXA/PHOTO) © 2001 The Washington Post Company -- ----------------- R. A. Hettinga <mailto: [EMAIL PROTECTED]> The Internet Bearer Underwriting Corporation <http://www.ibuc.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire' --------------------------------------------------------------------- The Cryptography Mailing List Unsubscribe by sending "unsubscribe cryptography" to [EMAIL PROTECTED]