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.
2025-10-08T18:28:00Z By Adrianne Appel
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.
2025-10-07T16:08:00Z By Adrianne Appel
Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.
2025-10-06T17:12:00Z By Adrianne Appel
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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