22 CFR 127.3 : Foreign Relations (§ 1.1 To Parts 1702-1799) — (§ 1.1 To Parts 240-299) — Department Of State (§ 1.1 To Parts 197-199) — International Traffic In Arms Regulations (§ 120.1 To § 130.17) — Violations And Penalties (§ 127.1 To § 127.12) — Penalties for violations.

Any person who willfully:

(a) Violates any provision of § 38 or § 39 of the Arms Export Control Act (22 U.S.C. 2778 and 2779) or any rule or regulation issued under either § 38 or § 39 of the Act, or any undertaking specifically required by part 124 of this subchapter; or

(b) In a registration, license application, or report required by § 38 or § 39 of the Arms Export Control Act (22 U.S.C. 2778 and 2779) or by any rule or regulation issued under either section, makes any untrue statement of a material fact or omits a material fact required to be stated therein or necessary to make the statements therein not misleading, shall upon conviction be subject to a fine or imprisonment, or both, as prescribed by 22 U.S.C. 2778(c).