Key facts
- The U.S. Treasury fined Amidi, LLC $200,000 for violating the Outbound Investment Security Program.
- Amidi, LLC failed to report an investment of approximately $92,478 in Shanghai Qiongche Intelligent Technology Company Limited.
- Shanghai Qiongche Intelligent Technology Company Limited is involved in artificial intelligence and robotics.
- The Outbound Investment Security Program became effective on January 2, 2025.
- The penalty was announced on Wednesday, July 2026.
The U.S. Treasury on Wednesday, July 2026, announced its first civil penalty under the Outbound Investment Security Program (OISP), levying a $200,000 fine against Amidi, LLC. The penalty stems from Amidi's failure to submit a required notification after its Chinese fund subsidiary invested approximately $92,478 in Shanghai Qiongche Intelligent Technology Company Limited, a Chinese company specializing in artificial intelligence and robotics.
The OISP, which became effective on January 2, 2025, requires U.S. persons to notify the Treasury of certain investments in entities connected to China, Hong Kong, or Macau engaged in quantum computing, artificial intelligence, and semiconductor sectors. It also prohibits certain other types of investments. Amidi's subsidiary made the investment on April 19, 2025.
Secretary of the Treasury Scott Bessent stated that the penalty underscores the Treasury's commitment to safeguarding U.S. national security and preserving technological leadership, aligning with President Trump's America First Investment Policy. Assistant Secretary of the Treasury for Investment Security Christopher Pilkerton added that the program is a crucial tool for addressing risks posed by the advancement of key technologies by countries of concern and affirmed the Treasury's commitment to ensuring investor compliance.
The Treasury identified the transaction through its regular compliance and market monitoring efforts. The Comprehensive Outbound Investment National Security Act of 2025, passed on December 18, 2025, is set to expand the OISP's jurisdiction to include additional countries and technology sectors.