Tag: Bureau of Industry and Security
KYC sanctions: the six categories that shape controls
Sanctions failures rarely start with a suspicious transaction. More often, the damage is done at onboarding, when a weak rule, a missed alias, or...
How the BIS and OFAC 50% Rules shape compliance
The Bureau of Industry and Security (BIS) and the Office of Foreign Assets Control (OFAC) both apply a 50% ownership threshold to determine regulatory...
AI transforms sanctions screening under BIS 50% rule
The Bureau of Industry and Security (BIS) within the U.S. Department of Commerce has taken a major step towards tightening export control enforcement with...
How sanctions risks threaten luxury goods
The luxury goods industry has come under heightened scrutiny in recent years as regulators intensify oversight of export control compliance amid growing geopolitical tensions.
For...
BIS plan could reshape global export regulations
The Bureau of Industry and Security (BIS), part of the US Department of Commerce, is reportedly exploring a new “50% rule” that could significantly...
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