WASHINGTON, Oct. 7 -- The U.S. Department of the Treasury issued the following news release:
In July 2026, the U.S. Department of the Treasury (Treasury) issued its first civil penalty under the Outbound Investment Security Program (OISP). Treasury penalized Amidi, LLC (Amidi) $200,000 for failing to submit a required notification of an investment by its controlled foreign entity into a Chinese embodied artificial intelligence company. The OISP, which became effective on January 2, 2025, currently requires notification to Treasury of certain types of investments and prohibits certain other types of investments by U.S. persons into entities in or connected to the People's Republic of China, the Special Administrative Region of Hong Kong, an...