1.0Customs & International Trade Law Firmhttps://diaztradelaw.comJennifer Diazhttps://diaztradelaw.com/author/jen/rich600338<blockquote class="wp-embedded-content" data-secret="ljJEG4Ndzw"><a href="https://diaztradelaw.com/non-notified-transactions-raising-red-flags-for-cfius/">Non-notified Transactions Raising Red Flags for CFIUS </a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://diaztradelaw.com/non-notified-transactions-raising-red-flags-for-cfius/embed/#?secret=ljJEG4Ndzw" width="600" height="338" title="“Non-notified Transactions Raising Red Flags for CFIUS ” — Customs & International Trade Law Firm" data-secret="ljJEG4Ndzw" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /* <![CDATA[ */ /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://diaztradelaw.com/wp-includes/js/wp-embed.min.js /* ]]> */ </script> https://diaztradelaw.com/wp-content/uploads/2026/03/Gemini_Generated_Image_dqy8k9dqy8k9dqy8.png1199667Authors: Jennifer Diaz, President, Diaz Trade Law Amber Pirson, Attorney, Diaz Trade Law Even when a transaction does not trigger a mandatory filing, Committee on Foreign Investment in the United States (CFIUS) risk does not disappear. While the regime remains technically “voluntary” in many cases, Treasury’s increasingly active non-notified program means that deals can still be reviewed, and potentially unwound, long after closing. As a result, parties must weigh the benefits of filing against the risk of future scrutiny, particularly in sensitive sectors or with higher-risk investors.   What counts as “voluntary”   Given the breadth of CFIUS’ jurisdiction to review transactions between US and non-US entities where the latter’s investment implicates U.S. national security, if a deal is not a “covered transaction” (no foreign‑government substantial interest in a TID U.S. business; no critical technology), the filing decision is voluntary, but not risk‑free. CFIUS runs a vigorous non‑notified program that screens thousands of transactions annually and can request (or require) a filing post‑closing.  Why file voluntarily anyway? A voluntary filing can deliver “safe harbor” (limiting CFIUS’ ability to initiate a review of the transaction in the future), reduce the risk of a disruptive post‑closing inquiry, and preserve options if a customer or government counterparties expect CFIUS clearance in sensitive sectors (e.g., defense supply chain, advanced computing and AI, biosecurity, or large‑scale personal‑data platforms).  A practical playbook to reduce CFIUS risk and avoid being flagged  1) Review the risks of your investor profile and structure.  Confirm “excepted investor/state” status where applicable, and […]