The Bureau of Industry and Security appears to be making good on its pledge to step up export control enforcement to protect sensitive American technology from China, two former U.S. government officials said Oct. 15.
Today’s Top News
Chinese government efforts to obscure which firms have public links to the country’s military are making due diligence more complicated, but compliance officers can use several strategies to overcome those challenges, said Colby Potter, a former intelligence official with the State Department.
People in the News
Matt Cronin, former chief investigative counsel for the House Select Committee on China, has joined venture capital firm Andreessen Horowitz as a senior national security adviser, he announced on LinkedIn. He left his job on Capitol Hill earlier this month (2410160022).
Lorena Valente, former sanctions compliance section chief at the Office of Foreign Assets Control, was named the agency’s new assistant director for licensing, she announced on LinkedIn. Valente has been at the Treasury Department since 2022.
U.S. aerospace firm RTX tapped senior counsel Lara Covington to head the company’s compliance with the deferred prosecution agreements announced last week with DOJ and the SEC, Covington announced on LinkedIn. Covington’s official title will be the executive director of the RTX DPA Compliance Program Office, where she will help “ensure the company successfully meets its obligations” to both agencies, she wrote in her bio. RTX will pay close to $1 billion and agreed to a range of compliance commitments to resolve allegations that it committed violations of defense export control regulations, the Foreign Corrupt Practices Act and more (see 2410160058).
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