BIS: Company With 'Inadequate' Compliance Controls Violated Entity List, UVL Restrictions

The US Bureau of Industry and Security (BIS) found Lambda Research Corp. violated export controls by exporting software licenses to companies on the Entity and Unverified Lists without proper compliance controls from 2021-2025. As part of a settlement, Lambda must implement compliance procedures, designate export compliance officers, conduct internal audits, and face fines or export privilege revocation for non-compliance.

This Wire brief sits within Fusion42's coverage of Cybersecurity.