U.S. fines for technology sales to China have skyrocketed this year, a Commerce Department official said

U.S. fines for technology sales to China have skyrocketed this year, a Commerce Department official said




Penalties taken by the U.S. for sales of sensitive technology to China have skyrocketed this year as the scope of targeted products and blacklisted companies has increased, and the authorities overseeing such transactions have expanded their reach A Commerce Department official said on Wednesday the Department of Industry and Security (BIS) Bureau of Industry and Security (BIS) in China-related transactions resulted in 226 months in prison, $ 1,858,000 in criminal fines and 4,048,000 US dollars in civil matters.

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Penalties taken by the U.S. for sales of sensitive technology to China have skyrocketed this year as the scope of targeted products and blacklisted companies has increased, and the authorities overseeing such transactions have expanded their reach A Commerce Department official said on Wednesday the Department of Industry and Security (BIS) Bureau of Industry and Security (BIS) in China-related transactions resulted in 226 months in prison, $ 1,858,000 in criminal fines and 4,048,000 US dollars in civil matters.

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