Company Says It 'Strengthened' Compliance Controls After Export Violations
Exyte has improved its compliance program after a breach of U.S. export controls led to a $1.5 million settlement with the Bureau of Industry and Security last week (see 2601080059), a company spokesperson said Jan. 9 in an email. "Following…
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an internal review, Exyte voluntarily disclosed the matter to BIS, cooperated fully with the authorities, and has strengthened its export control compliance program and controls," the spokesperson said. "The matter is resolved."