U.S. Penalties Grow Stringent on Technology Sales to China 

Severe actions have been implemented by the United States to curb sales of sensitive technology to China. The stringency of Penalties has amplified considerably this year due to the expansion of agencies that monitor such transactions, a Commerce Department Official stated on Wednesday.

The statement by the Commerce Department was made during the official hearing. The department was prompted to seek out more technologies that lay contingent upon export controls. BIS that is the Bureau of Industry and Security operated by the department, led the investigation.

The agency-led investigations have resulted in a total of 226 months of prison time. In addition, the investigation has emanated US$1,858,000 in criminal fines with an extra US$4,048,000 in civil Penalties just this year. The China-related technology transaction aforementioned were shared by the Bureau’s acting undersecretary Jeremy Pelter.The Penalties announced during the hearing compares with the one’s that were doled out in 2020. This included 80 months of prison time with US$60,000 in criminal files, and Peter shared with the USCC.

Adding to the Penalties, BIS had levied a US$469,060 fine just last month on Dynatex International based in Santa Rosa, California. The penalty was imposed owing to sensitive technology sales to two Chinese companies. These companies are displayed on the entity list of companies established by the Commerce Department that identifies them as national security threats.BIS is working towards more efficient export control to avoid transactions of the U.S. intellectual property to its global rivals preventing illicit activities.