By Kyle Brasseur2023-05-01T16:22:00
Any compliance officer will tell you the best way to assess the risk of a certain matter is to think about it from a regulatory perspective.
“‘What would the Department of Justice think if we did this? Would this violate any laws or restrictions?’” If the answers to these questions aren’t clear, it’s often advised to err on the side of caution.
Seagate did not when it decided in 2020 to continue selling hard disk drives to Chinese telecommunications giant Huawei after the latter had certain export restrictions placed on it by the Commerce Department. The data storage company was fined $300 million—the largest stand-alone administrative penalty in the history of the Bureau of Industry and Security (BIS)—for this miscalculation.
2025-05-23T16:46:00Z By Adrianne Appel
Thousands of computers and other consumer electronic devices imported into the U.S. that were certified as safe by foreign laboratories have been identified as having links to the Chinese government or military, Brendan Carr, chair of the Federal Communications Commission, said Thursday in announcing an order to close the security ...
2023-05-17T03:20:00Z By Kyle Brasseur
A new strike force co-led by the Department of Justice and Commerce Department made an impact when charges against a former Apple engineer for theft and attempted theft of trade secrets were included as part of its first enforcement actions.
2023-04-20T16:27:00Z By Kyle Brasseur
Seagate will pay the largest stand-alone administrative penalty in the history of the Commerce Department’s Bureau of Industry and Security for violating export control restrictions against Chinese telecommunications giant Huawei.
2025-09-03T11:37:00Z By Tom Fox
At their core, compliance officers are problem-solvers. They wrestle with thorny questions every day: How do we implement a global gifts-and-entertainment policy across jurisdictions with vastly different cultural norms? How do we balance business pressures with anti-corruption obligations? How do we address new risks like AI itself?
2025-09-02T14:19:00Z By Hemanth Kumar, Guest Contributor
Financial ecosystems are no longer confined within national boundaries. Money, technology, and risks flow seamlessly across jurisdictions, creating unprecedented challenges for compliance officers. From sanctions and anti-money laundering (AML) obligations to the rise of virtual assets, the compliance function must now navigate a complex, cross-border landscape where regulators, institutions, and ...
2025-08-29T20:52:00Z By Brett Erickson, guest contributor
In financial institutions across the United States, there’s a reflex that’s become almost ritual. When a regulator walks in, or a board member asks whether the AML program is working, the answer is the same: “We just passed audit.” It’s delivered with confidence, sometimes even pride, as if the risk ...
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