Bell Johnson

Oct 25, 2024 | mondaq.com | Bell Johnson |Junghyun Baek |Tal R. Machnes |Michael Mancusi

On October 9, 2024, the U.S. Commerce Department, Bureau of Industry and Security (BIS) issued new guidance to financial institutions on how to comply with and minimize the risk of violating the Export Administration Regulations (EAR). Through this new guidance, BIS is affirmatively recommending that financial institutions implement EAR-related due diligence procedures within their existing compliance programs.

Apr 10, 2024 | mondaq.com | Bell Johnson |Junghyun Baek |Trevor G. Schmitt |John Barker

Last week, several officials from the U.S. Department of Commerce's Bureau of Industry and Security (BIS) spoke at BIS' 2024 Update Conference, highlighting the regulatory changes to the Export Administration Regulations (EAR) over the past year and providing guidance for those operating in the national security and international trade sectors. Making clear that compliance and enforcement remain top of mind for BIS, Matthew S.