The Commerce Department’s Bureau of Industry and Security (“BIS”) announced two significant settlement agreements. BIS collected a civil penalty from Alpha and Omega Semiconductor of $4.25 million for its exports to Huawei Technologies, and issued a three-year denial of export privileges to Unicat Catalyst Technologies, while the Office of Foreign Assets Control (“OFAC”) collected $391,183 from the company.
More speculation about when BIS plans to announce a new rule rumored to mirror OFAC’s 50%...
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