Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
California-based machine tool manufacturer Haas Automation will pay more than $2.5 million to the U.S. government after being accused of illegally shipping parts and other items to sanctioned and Entity Listed companies in China and Russia.
A new Bureau of Industry and Security rule that will place new, worldwide export controls on advanced computing chips and certain closed artificial intelligence model weights was widely panned by the American semiconductor and technology industry this week, even as U.S. officials said the restrictions are necessary to keep American companies ahead of their Chinese competitors.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
The Bureau of Industry and Security on Jan. 2 published its annual export enforcement year in review, outlining the various penalties it imposed, indictments and guilty pleas it helped bring, guidance documents it issued and Entity List additions during 2024. The summary highlights enforcement actions against China, Russia and Iran; the due diligence best practices and recommendations BIS issued to exporters, financial institutions, and academia; export control-related partnerships the U.S. formed with trading partners; and more.
Export Compliance Daily is providing readers with the top 20 stories published in 2024. All articles can be found by searching on the titles or by clicking on the hyperlinked reference numbers.
The Bureau of Industry and Security’s record-setting enforcement pace over the last several years has raised the agency’s profile and convinced more businesses to invest in compliance, said Matthew Axelrod, the top BIS export enforcement official. But Axelrod said he thinks companies can do more.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
Indium Corp., which the Bureau of Industry and Security earlier this week penalized for violating export controls against Russia (see 2412230052), has since “enhanced” its internal compliance program and improved its compliance training for employees, CEO Ross Berntson said in an emailed statement. Berntson also noted that Indium voluntarily disclosed the issue to BIS and “fully cooperated with the resulting investigation.”
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.