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Six KYC sanctions types to know to avoid penalties
Sanctions failures rarely show up after an account is live. They tend to start at onboarding, when a missed signal, a weak rule or...
Understanding the BIS vs OFAC 50% Rules
When managing U.S. export controls and sanctions compliance, businesses often come across two key ownership-based rules: the Bureau of Industry and Security (BIS) 50%...
AI unveils hidden risks in BIS 50% ownership rule
The U.S. Department of Commerce’s BIS has made a decisive move to strengthen export control enforcement by closing loopholes that allowed sanctioned entities to...
Why compliance is vital for luxury brands
The luxury goods sector is increasingly finding itself under the regulatory spotlight as governments tighten export controls amid geopolitical tensions.
For brands known for precision...
BIS 50% rule could reshape compliance worldwide
The Bureau of Industry and Security (BIS), part of the US Department of Commerce, has long played a central role in safeguarding national security...
