What happens when companies ignore red flags, bypass legal advice, and underestimate the reach of U.S. export laws? In this episode, Michael Volkov unpacks two major enforcement actions from the Department of Commerce’s Bureau of Industry and Security (BIS) and the Treasury Department’s Office of Foreign Assets Control (OFAC). These cases serve as cautionary tales for companies navigating complex trade and sanctions landscapes, highlighting the steep costs of compliance failures, even when violations aren't willful.

You’ll hear him discuss:

BIS’s $4.25 million penalty against Alpha and Omega Semiconductor (AOS) for 15 violations of the Export Administration Regulations (EAR), including unauthorized shipments to Huawei
How AOS disregarded legal advice and internal compliance warnings while continuing to export EAR99 items from the U.S. to an Entity List company
The significance of BIS’s finding that even non-willful violations will trigger serious enforcement consequences
OFAC’s $608,825 settlement with Key Holding LLC over Cuban sanctions violations linked to its Colombian subsidiary, Key Colombia
How a failure to implement sanctions compliance after acquiring a foreign affiliate exposed Key Holding to U.S. jurisdiction - and liability
The importance of post-acquisition compliance integration and automated screening in mitigating enforcement risk
Why these cases mark a return to traditional administrative enforcement priorities and serve as stark reminders of jurisdictional reach

Resources

Michael Volkov on LinkedIn | Twitter

The Volkov Law Group

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