BIS Loosens Export Rules On Encryption Technology

Law360, New York (June 28, 2010, 5:25 PM EDT) -- The U.S. Bureau of Industry and Security has unveiled new regulations to ease export controls on electronic encryption products, allowing exporters to bypass technical reviews in favor of self-reporting.

The BIS, a division of the U.S. Department of Commerce, said amending the Export Administration Regulations on retail electronic products and less sensitive encryption items would minimize bureaucracy as the Obama administration embarks on a reform of export controls.

“This revised rule enhances our national security and cuts red tape by eliminating the review of readily available...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.