Financial Crime Financial Crime

Avnet Asia admits ties to illegal US amplifier trade to China, agrees to pay over $3.2 million in penalties

By Kat Lucero
  • 29 Jan 2021 17:56
  • 29 Jan 2021 17:56
Singapore-based Avnet Asia claimed responsibility for former employees charged with criminal conspiracy for the illegal exportation of US power amplifiers to China and has agreed to pay over $3.2 million in penalties, the Department of Justice announce today, unveiling a non-prosecution agreement with the company.

“Avnet’s employees repeatedly falsified documentation in order

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