Businesses should expect much higher penalties for violations of export controls, some of which could approach the size of those issued in Foreign Corrupt Practices Act (FCPA) cases, according to Matthew Axelrod. The Commerce Department’s assistant secretary for export enforcement expressed that view in prepared remarks made at a
Commerce’s Axelrod outlines higher export-control violation penalties, self-disclosure incentives
Remarks flag export control regime as key part of US national security policy.