The Three US Departments Jointly Issue an Enforcement Note: Strengthening the Linkage in the Field of Trade Controls and Sanctions
On July 26, 2023, the US Department of Justice, the Bureau of Industry and Security of the Department of Commerce, and the Office of Foreign Assets Control of the Department of the Treasury jointly issued an enforcement note on the voluntary disclosure of potential violations, strengthening the enforcement linkage in the field of trade controls and sanctions. This article analyzes the content of the enforcement note of the three departments, introduces the voluntary disclosure mechanisms of different departments, and looks ahead to the trend of US trade controls. For Chinese enterprises, the article also puts forward risk control suggestions to cope with the increasingly strict compliance environment.
PSB Record: Shanghai No.31011502009912
