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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-08-17T19:59:00
President Joe Biden’s recent executive order to restrict certain outbound investments to China offers an opportunity for companies to help shape the program.
The goal of the Aug. 9 order is to stem the flow of U.S. dollars into countries of concern, whose military or surveillance efforts might benefit from the funds, while not impeding the overall atmosphere of open investment in the United States. An annex to the order lists China, including the regions of Hong Kong and Macau, as the only country of concern.
The executive order is “narrowly targeted,” the White House said in a briefing, and authorizes the Treasury Department to regulate investments by U.S. persons or entities in semiconductors, microelectronics, and quantum information technologies. It requires notification about U.S. investments in some artificial intelligence technologies, and it prohibits investments in other types of AI.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
2023-08-04T18:01:00Z By Adrianne Appel
Covington & Burling is leaving open the possibility of appealing a recent federal court order requiring the law firm to provide the names of hacked clients to the Securities and Exchange Commission.
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Two dozen lawmakers have demanded the Securities and Exchange Commission require an independent third party to verify fast-fashion retailer Shein does not use Uyghur forced labor before allowing it to go public.
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A Bank of England report warned of private equity risk management deficiencies as interest rates remain stagnant, with international coordination important.
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Compliance has been “sleeping on” artificial intelligence, two panelists discussed at Compliance Week’s Women in Compliance Summit. The profession should be positioned to lead on AI governance at the business level.
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