Notice - Inflation Adjustment to Maximum Civil Monetary Penalty – January 17, 2025
Outbound Program Enforcement Overview and Guidance
Members of the public are encouraged to submit tips, referrals, or other relevant information about compliance with the Outbound Rules.
Enforcement Actions Taken by Treasury:
- In 2026, Treasury imposed a $200,000 penalty against Amidi, LLC (“Amidi”) for failing to submit a required notification of an investment by its controlled foreign entity into a Chinese embodied artificial intelligence company. In April 2025, Amidi’s subsidiary, a Chinese fund, invested approximately $92,478 in Shanghai Qiongche Intelligent Technology Company Limited (“Noematrix”) without submitting a notification to Treasury as required under the Outbound Investment Security Program. Amidi is the parent entity of the organization that does business as Plug and Play Tech Center. Noematrix is a private Chinese company that develops artificial intelligence, robotics, and embodied intelligence.