GTAC assists corporations with their compliance and mitigation obligations related to Committee on Foreign Investment in the United States (CFIUS) or Team Telecom national security and law enforcement concerns.
The Committee on Foreign Investment in the United States (CFIUS or the “Committee”) is an interagency committee that reviews foreign investments in the United States to assess national security concerns. In August 2018, President Trump signed into law CFIUS reform legislation known as the Foreign Investment Risk Review Modernization Act (FIRRMA), which required CFIUS to issue implementing regulations no later than February 2020. Shortly thereafter, in November 2018, CFIUS launched a pilot program to implement certain provisions under FIRRMA. This new pilot program expanded the scope of CFIUS reviews to certain noncontrolling investments in companies involved in “critical technology” and required mandatory declarations for investments in such businesses.
FYI – The US Department of the Treasury provides additional information: Treasury Government
We provide independent, third party audit, assessment and monitoring services in connection with CFIUS/Team Telecom agreements. Additional services include:
- Third Party Risk Assessment
- Security Design & Architecture
- Security Programs Development
- Information Security Policies & Standards Development
Contact us for more information