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Brief
On January 11, 2025, the U.S. Bureau of Industry and Security issued an update regarding "Haas Automation to Pay Over $2.5 Million in Combined Civil Penalties to BIS and OFAC for Prohibited Transactions, Including with Entities Affiliated with Chinese and Russian Defense Sectors". The combined penalties were imposed on Haas Automation, Inc., a California-based manufacturer of machine tools, for alleged violations of U.S. export controls and sanctions laws.
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