The end to a longstanding case shows how efforts to reclassify bulk products can cross the line into duty evasion.
Department of Commerce
The call comes as UK regulators face intense pressure from the government and the parliament to do more on economic growth.
Speaking to about 1,000 attendees, the Secretary said the Administration plans a “dramatic increase in enforcement and fines” against companies violating export controls.
The US government wants to know through disclosures how technology is being protected from misuse by foreign adversaries.
Biden administration worried about threat to national security posed by China’s growing automotive industry.
Remarks flag export control regime as key part of US national security policy.
FinCEN and the Bureau of Industry urge vigilance over expansion of efforts to evade US export controls.
The joint statement says that Iran’s procurement, development, and proliferation of UAVs is an increasing threat to international peace and security.