US Commerce Secretary Howard Lutnick provided a keynote speech at this year’s annual conference for the US Commerce Department’s Bureau of Industry (BIS) that promised tougher penalties for persons and entities running afoul of export-control mandates. He went on to say that export controls would now be a regular part of
Lutnick promises tougher export-control regime as BIS offers compliance tips
Speaking to about 1,000 attendees, the Secretary said the Administration plans a “dramatic increase in enforcement and fines” against companies violating export controls.