All BIS articles – Page 2

  • ZTE
    Article

    BIS charges Chinese cable giant with export control violations

    2022-08-10T14:50:00Z

    The Commerce Department’s Bureau of Industry and Security charged China’s largest cable and wire manufacturer Far East Cable with export control violations related to its alleged dealings with telecommunications company ZTE to circumvent U.S. restrictions against Iran.

  • Russia sanctions
    Article

    FinCEN/BIS alert flags Russia export control evasion indicators

    2022-06-29T18:11:00Z

    The Financial Crimes Enforcement Network and Bureau of Industry and Security warned financial institutions to be on the lookout for new and novel ways individuals and entities in Russia and Belarus are attempting to evade export controls.

  • SAP
    Article

    SAP to pay over $8M for admitted Iran sanctions violations

    2021-04-30T18:09:00Z

    German software company SAP SE agreed to pay more than $8 million in combined penalties issued by three U.S. agencies after admitting to committing numerous violations of sanctions against Iran.

  • Bitcointrap
    Article

    Banks, central banks warned of crypto-currency risks and pitfalls

    2019-03-25T21:46:00Z

    Despite failures, plummeting prices, and a plethora of risks, financial institutions and central banks are cautiously looking at ways to use virtual currencies. International regulators are warning them that doing so haphazardly could be disastrous.

  • Article

    “Chancer” chauffeurs and liquidators: the Retail Acquisitions story

    2017-06-06T12:15:00Z

    Retail Acquisitions’ purchase of troubled retailer BHS for £1 (U.S.$1.3) has since been complicated by a £6M (U.S.$7.8M) loan coming due and some extremely unstable governance issues.

  • Blog

    BHS: asset strippers, chancers, and governance failures

    2016-08-10T12:15:00Z

    Parliament released a scathing report on the sale and management of retail chain BHS in late July. The report, says Paul Hodgson, led to calls for someone to be stripped of his knighthood—a first in Parliament history.

  • Article

    Mitigating export control violations

    2016-02-02T16:30:00Z

    Image: The U.S. Department of Commerce Bureau of Industry and Security is considering proposed rules that, on the one hand, would significantly raise the stakes for companies that run afoul of export control regulations but, on the other hand, bring greater transparency to the enforcement process. “The guidelines generally provide ...