BIS Hits Seagate with Record Penalty for Violating Export Ban
The Department of Commerce’s Bureau of Industry and Security (BIS) announced its “largest standalone administrative penalty in BIS history.” The resolution with Seagate Technology (Seagate US) and Seagate Singapore includes a $300 million penalty, a mandatory multi-year audit requirement, and a five-year suspended denial order for alleged violations of U.S. Read More