By Kyle Brasseur2024-06-12T21:47:00
To a room full of risk and compliance practitioners from the financial services industry, Matthew Axelrod posed a simple question: “Why am I here today?”
The assistant secretary for export enforcement holds a high-profile role at the Department of Commerce’s Bureau of Industry and Security (BIS), yet many in the room were likely unfamiliar with him and the agency’s work. Export controls aren’t typically high on the radar of the highly regulated financial services space.
Axelrod made the case that attitude should change during a fireside chat Tuesday at Compliance Week’s Financial Crimes and Regulatory Compliance Summit in New York.
2025-01-27T21:00:00Z By Adrianne Appel
Five people, including two Americans, allegedly duped U.S. companies into hiring North Koreans for contract IT work, and funneled millions in U.S. dollars to the sanctioned regime, the Department of Justice said.
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The Commerce Department’s Bureau of Industry and Security issued guidance to academic research institutions on trends in voluntary self-disclosure to improve export control compliance.
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PetroChina International America agreed to pay a fine and forfeiture of $14.5 million to settle charges with the Department of Justice that it violated U.S. export control laws.
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Tractor Supply Company has agreed to get into compliance with California’s consumer privacy law and to pay a $1.35 million fine—the largest yet by California—to settle allegations it violated the privacy rights of customers and job applicants.
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A single $33,000 shipment to Iran triggered a six-figure penalty and years of compliance oversight for biotechnology company LuminUltra Technologies, Inc.
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The Federal Trade Commission (FTC) accused business credit reporting company Dun & Bradstreet of failing to comply with the commission’s 2022 order.
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