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.
2025-09-12T19:40:00Z By Oscar Gonzalez
The DOJ sued Uber Thursday, alleging it violated the Americans with Disabilities Act (ADA) by denying people with disabilities equal access to its services.
2025-09-11T20:53:00Z By Neil Hodge
Europe’s banking regulator warns that weak compliance at fintech, regtech, and crypto firms may let money laundering and terrorist financing risks slip through. The EBA also found EU regulators’ approaches are often inconsistent and unclear.
2025-09-10T22:24:00Z By Adrianne Appel
California, Colorado, and Connecticut launched a joint enforcement sweep against businesses that fail to honor consumers’ online opt-out requests, the states announced Tuesday.
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