- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
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.
2024-08-16T18:17:00Z By Jeff Dale
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.
2024-06-26T16:26:00Z By Jeff Dale
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.
2025-07-02T18:31:00Z By Aaron Nicodemus
Emerging enforcement priorities of the U.S. Department of Justice’s health care fraud division align with the Trump administration’s emphasis on prosecuting transnational criminal organizations and ending opioid trafficking.
2025-07-01T23:26:00Z By Oscar Gonzalez
Since President Donald Trump took office, the U.S. Federal Trade Commission has yet to keep up the level of enforcement it had under previous chair Lina Khan. The agency, however, returned to antitrust action in the case of fuel stations, just in time for the July 4th holiday.
2025-06-25T16:29:00Z By Oscar Gonzalez
In May, three commissioners for the Consumer Product Safety Commission were abruptly fired by President Donald Trump and sued for their jobs shortly after. A federal judge has ruled that the commissioners should be reinstated, although it’s unclear whether that ruling may itself be reversed.
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