Increased Attention on Antiboycott Laws
A company doesn’t have to engage, or agree to engage, in boycotting activities in order to be liable for civil fines by the U.S. Department of Commerce, Bureau of Industry and Security (BIS). Once obscure, antiboycott laws have now become one of the focus areas for U.S. government enforcement actions.
In our latest Critical Compliance video, associate Junghyun Baek discusses the recent increase in government scrutiny on compliance with U.S. antiboycott laws. Baek breaks down why now is the time for U.S. companies and their foreign subsidiaries—especially those conducting business in or involving the Middle East region—to review their antiboycott compliance programs.
Or you can watch the rest of the Critical Compliance series.