Regulation

BIS guidance to financial firms offers tangible steps towards compliance

Issue 48.
November 2024

Author
Elizabeth ShinglerSteven BrothertonMichael T. Quigley
+ About author

Elizabeth Shingler (Richmond) is a Senior Manager in the Global Export Controls and Sanctions practice of KPMG LLP. eshingler@kpmg.com

Steven Brotherton (San Francisco) is a Principal in the Global Export Controls & Sanctions practice of KPMG LLP and leader of the service line. sbrotherton@kpmg.com

Michael T. Quigley (Chicago) is a Manager in the Trade & Customs Services practice of KPMG LLP and a member of the Global Export Controls & Sanctions service line. michaelquigley@kpmg.com

KPMG: SMART PRACTICE
Recent regulatory trends have shown a renewed focus on export control measures as the primary means for ensuring national security. Sectors that have not typically needed robust export compliance teams are now being asked to take up a role in protecting sensitive technologies. Such is the context for the Bureau of Industry and Security’s (“BIS”) recent guidance toward financial institutions (“FIs”) for implementing best practices to ensure compliance with the Export Administ...

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  • Export Compliance Manager Tackles the issues and challenges that keep trade compliance professionals awake at night... with insight and with solutions.
  • Export Compliance Manager Shares the know-how of experienced professionals, keeping its readers on top of developing best practice in trade compliance AND helping to deliver real commercial advantage.
  • Export Compliance Manager Celebrates the valuable contribution of trade compliance professionals to their companies, communities and to international security.

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