Unpacking Key Changes to BIS Voluntary Self-Disclosures and Penalties for Export Compliance Violations
The U.S. Commerce Department’s Bureau of Industry and Security (BIS) has released its final ruling on amendments in key areas of the Export Administration Regulations (EAR). These changes, focusing on voluntary self-disclosures (VSD) and BIS penalty guidelines, are designed to give the agency more flexibility in enforcing export compliance. The revisions aim to reduce […]