American defense firm RTX will pay close to $1 billion to resolve allegations that it tried to defraud the U.S. government and committed violations of defense export control regulations and the Foreign Corrupt Practices Act, DOJ and the SEC said Oct. 16. The company agreed to enter into two deferred prosecution agreements to settle the claims, which included Raytheon’s alleged failure to report bribes in export licensing applications and its submission of false information to the U.S. as part of multiple foreign military defense contracts.Read More >>

New, long-awaited EU guidelines released this week outline how exporters should identify cyber-surveillance technologies that may not yet be controlled by member states but may still be subject to bloc-wide reporting rules. The guidelines, which the European Commission had been drafting for years and was aiming to issue this month (see 2409260001 and 2303310025), also list a range of customer red flags and describe due diligence expectations for companies exporting these items, including that they screen all end-users and consignees and carry out a detailed “risk assessment” for each transaction.Read More >>

The top lawmaker on the House Select Committee on China called on the U.S. to continue imposing strict export controls and investment restrictions against China, adding that those tools must be coupled with bolder investments in innovative American companies if…Read More >>