The Strategic Trade Management Office (STMO) has issued guidelines on administrative proceedings and fines and penalties under the Strategic Trade Management Act (STMA).

The STMA regulates the export, import, transit and transshipment, re-export and reassignment of strategic goods, software and technology and the provision of related services in order to prevent weapons of mass destruction (WMD) from proliferating.

Strategic goods are products that, due to security reasons or to international agreements, are considered to be of such military importance that their export is either subject to specific conditions or prohibited altogether.

For the full report, visit https://www.portcalls.com/stmo-issues-rules-on-penalties-for-violating-strategic-trade-law/