- 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.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
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.
Customs agents have flagged thousands of products marked as made in Malaysia, Vietnam, or elsewhere in accordance with the UFLPA, an official from U.S. Customs and Border Protection shared during a panel at Compliance Week’s 2023 National Conference.
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.
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network issued an alert to financial institutions about their obligations to report deepfakes, warning artificial intelligence has given bad actors additional tools in their arsenal.
A nationwide rental outlet affiliated with Rent-a-Center and its chief executive have been sued by the Consumer Financial Protection Bureau for allegedly deceiving five million consumers about the terms of credit agreements.
A lack of risk visibility is causing companies to reject customers–and potentially lose money–over fears they might be in danger of violating rules around anti-money laundering and sanctions regulations.
