Assistant Secretary for Export Enforcement, Matthew S. Axelrod, has previewed some of the ways the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) will change its approach to enforcing export control and antiboycott laws. BIS’s proposed changes in policy seek to further increase transparency, strengthen compliance, and incentivize deterrence.

BIS’s approach echoes similar policies from the U.S. Department of Justice. In reviewing its enforcement strategy, BIS’s overarching message to companies is clear: “implement effective compliance programs on the front end or risk penalties on the back end that will hurt both your reputation and your bottom line.”

We outline the key proposed changes and ways that companies can prepare in our alert at reedsmith.com.