Good Practice

The future of compliance

Issue 33.
May 2023

Author
Elizabeth ShinglerSteven Brotherton
+ 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

KPMG: SMART PRACTICE

There are certain events that have a lasting impact and forever change industries. Export compliance professionals experienced one in April when the US Bureau of Industry and Security (“BIS”) announced a $300 million fine for a US-based company that sold export-controlled hard disk drives to Huawei in violation of the foreign direct product rule. This was the largest administrative penalty in BIS history, and is a bellwether for future enforcement trends. Certainly, ther...

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SUBSCRIBED FEATURES

  • 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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