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BIS Reforms Voluntary Self|Disclosure Policies and Penalty ...


BIS Final Rule on Voluntary Self-Disclosure Process and Penalty ...

The rule finalizes a series of policy changes by the Office of Export Enforcement (“OEE”) that were first articulated in memoranda publicly ...

Names Raj Parekh as First-Ever Chief of Corporate Enforcement

Beginning in 2022, BIS issued a series of publicly available memoranda describing policy changes to strengthen its administrative enforcement ...

BIS Reforms Voluntary Self-Disclosure Policies and Penalty ...

BIS codifies policy changes to incentivize self-disclosures of violations and enhance export compliance. See how this impacts your business.

BIS Amends Voluntary-Disclosure Regulations, Removing Penalty ...

The Rule codifies this 2023 policy change in the BIS Penalty Guidelines. In addition, BIS is eliminating the practice of applying a portion of a ...

BIS Issues Key Updates to the ‎Voluntary Self-Disclosure Process ...

... changes to Voluntary Self-‎Disclosures (“VSD”); the BIS also updated its penalty guidelines ... policies will be critical. With ...

BIS Powers Up Its Voluntary Self-Disclosure Process and Penalty ...

The rule codifies the policy changes BIS had previously announced in a series of public memoranda since the beginning of 2022. The revisions ...

BIS Enhances Its Voluntary Self-Disclosure Process a... - Dechert LLP

... policy changes in connection with, among other things, VSDs and penalties ... BIS policy changes into regulation, the Rule is likely a ...

BIS Promulgates Enforcement and Voluntary Self-Disclosure ...

These amendments principally formalize through regulatory rules certain BIS Office of Export Enforcement (OEE) policy memoranda issued in 2022, ...

BIS Enhances Its Enforcement Discretion: Revamps Voluntary Self ...

The changes to the BIS Penalty Guidelines confer greater discretion to BIS in enforcement proceedings, signifying the agency's renewed ...

BIS Enhances Its Enforcement Discretion: Final Rule Revamps ...

The revisions to the voluntary self-disclosure (VSD) process modify the regulations about conduct that constitutes a violation of the EAR and the possible ...

Federal Register/Vol. 89, No. 179/Monday, September 16, 2024 ...

With respect to the changes implementing the elements of the Policy. Memoranda, BIS is revising § 764.5. (regarding voluntary self-disclosure) ...

BIS Final Rule on Voluntary Self-Disclosure Process and Penalty ...

Consistent with that statement and previous policy memoranda, the final rule confirms that BIS will consider a deliberate decision by a firm not ...

US Commerce Department Continues Revising Export Controls ...

Revisions to Voluntary Self-Disclosure Policies and Penalty Guidelines ; Voluntary Self-Disclosure? No. Yes ; Yes. One-Half of the Transaction ...

BIS updates export regulations with new self-disclosure and penalty ...

According to the rule, these changes 'revise provisions related to the voluntary self-disclosure process for exporters who believe that they may ...

Voluntary Self Disclosure Process Changed by BIS - CVG Strategy

BIS Policy Changes Leading Up to Amendment · Changes in BIS Penalty Guidelines for Administrative Actions · Dual Track Processing of VSDs · Changes ...

BIS Issues Final Rule on VSD Policies and Penalty Guidelines

Revisions to Voluntary Self-Disclosures. The rule makes both substantive and procedural changes to the VSD policies: · Revisions to Penalty ...

Voluntary Self-Disclosure - Bureau of Industry and Security

VSDs serve as a strong indication of a party's commitment to complying with U.S. export control requirements. Additionally, they can provide BIS with valuable ...

BIS Imposes $500,000 Mitigated Penalty Against GlobalFoundries ...

Under the Export Control Reform Act of 2018, among possible administrative sanctions, administrative monetary penalties can reach up to $364,992 ...

BIS, OFAC Issue New Rules on Voluntary Self-Disclosures, Penalty ...

These new rules implement significant changes that will affect how and when companies should consider submitting VSDs to BIS, how potential penalties are ...

Commerce Department BIS Updates Its Voluntary Self Disclosure ...

Commerce Department BIS Updates Its Voluntary Self Disclosure Policy to Further Incentivize Disclosure of Minor or Technical Export Violations.