The U.S. fined German software company SAP SE more than $200 million for violating the Foreign Corrupt Practices Act, saying it bribed government officials in South Africa, Malawi, Kenya, Tanzania, Ghana, Indonesia and Azerbaijan to secure business contracts. The company agreed to a nearly $100 million settlement with the SEC and faces a $118.8 million criminal penalty, along with a forfeiture, as part of a deferred prosecution agreement with DOJ.
Members of the U.K. Parliament this week questioned whether the government should be imposing more restrictions on China, including through human rights sanctions on Hong Kong officials and export restrictions on a broader range of Chinese technology companies. They also urged the U.K. to share the results of a possible review of its arms export policies toward Israel, which at least one member said hasn’t been transparent.
The Commerce Department plans to announce a “department-wide” strategy in the “weeks ahead” that will address its major priorities in national security, Deputy Commerce Secretary Don Graves said on Jan. 9.
The U.K. amended various entries under its ISIL (Da'esh) and al-Qaida and North Korea sanctions regimes in a pair of Jan. 8 notices.
The U.K.'s Office of Financial Sanctions Implementation on Jan. 9 published its "Asset Reporting Privacy Policy," outlining how the agency will use personal data of designated parties under the Russia sanctions regime. The agency collects the sanctioned parties' names, email addresses, residential addresses and financial information.
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The U.S. shouldn’t rush to impose new export controls on sensitive lidar technology, experts said, mostly because American firms may not have chokepoints over lidar and the restrictions may hurt U.S. export revenue.
Rep. Mike Gallagher, R-Wis., chairman of the House Select Committee on China, has urged the Commerce Department to consider placing the United Arab Emirates-based artificial intelligence firm Group 42 Holdings (G42) on the Bureau of Industry and Security’s Entity List, citing possible export control risks from the company’s work with China’s military, intelligence services and state-owned companies.
China imposed sanctions on five American defense-related entities for their involvement in U.S. military sales to Taiwan, a spokesperson for the country’s Ministry of Foreign Affairs said Jan. 7, according to an unofficial translation. The designations target BAE Systems Land and Armaments, Alliant Techsystems Operations, AeroVironment, Viasat and Data Link Solutions. Beijing said the sanctions will freeze any of their property in China and bar Chinese businesses, organizations and people “from conducting transactions, cooperation and other activities with them.”
The Treasury Department’s Financial Crimes Enforcement Network should do a better job informing small businesses about its new beneficial ownership information reporting requirements (see 2401050023), Rep. Blaine Luetkemeyer, R-Mo., said in a Jan. 5 press release.