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Company: Quantum Corporation
Current Parent Company:
Quantum Corp.
Parent at the Time of the Penalty Announcement:
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Penalty: $151,875
Year: 2024
Date: October 30, 2024
Offense Group: competition-related offenses
Primary Offense: export control violation
Violation Description: The Bureau of Industry and Security (BIS) imposed a civil penalty of $151,875 against Quantum Corporation, a data storage, management, and protection company based in San Jose, California,to resolve 45 alleged violations of the antiboycott provisions of the Export Administration Regulations (EAR).Quantum voluntarily self-disclosed the conduct to BIS, cooperated with the investigation by BIS's Office of Antiboycott Compliance (OAC), and implemented remedial measures after discovering the conduct at issue, all of which resulted in a significant reduction in penalty. Between July 2018 and December 2019, Quantum received 45 requests from its customer, a distributor located in the United Arab Emirates (UAE), to refrain from importing goods of Israeli origin into the UAE in fulfillment of purchase orders from that customer. Quantum failed to report to BIS the receipt of these requests.
Level of Government: federal
Action Type: agency action
Agency: Bureau of Industry and Security
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: electrical and electronic equipment
Specific Industry of Current Parent: data storage
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.