Biden administration will enhance penalties for companies that comply with decades-old boycott of Jewish state

The United States is clamping down on companies that comply with the decades-old Arab League boycott of Israel.

Matthew Axelrod, assistant commerce secretary for export enforcement, detailed the Biden administration's new rules at a meeting on Thursday of the American Jewish Committee (AJC) at the organization's Washington, DC offices.

According to the updated rules set by the US Commerce Department, penalties will be increased, including requiring companies and individuals to admit wrongdoing before attempting to settle boycott charges and subjecting US companies to fines if their foreign subsidiaries participate in the boycott of the Jewish state.... Read More: i24