Anyone else's company ban use of Chinese models?

I work for a large insurance company and we have a ban internally on using any Chinese models. They haven’t stated a reason, but I’m assuming it’s one of the typical ones. I’m wondering how common this is. It feels like a big disadvantage for a company to tie their hands behind their backs like this, given how far ahead the open-source Chinese models are, and given the increasing costs of using the frontier labs’ models.