The Committee on Foreign Investment in the United States has imposed an unprecedented $1 million civil penalty for repeated breaches of a 2016 CFIUS mitigation agreement, according to a notice on the U.S. Treasury Department’s website.
The penalty was imposed in 2018 without fanfare but was recently published on its resource page along with annual reports to Congress. The penalty was also imposed for “failure to establish requisite security policies and failure to provide adequate reports to CFIUS,” according to the notice.
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