📦Revisions to the Unverified List for Export Administration Regulations
Revisions to the Unverified List
Summary
The Bureau of Industry and Security (BIS) is amending the Export Administration Regulations (EAR) by adding 18 persons to the Unverified List (UVL). Of the 18 persons being added: five are under the destination of China, People's Republic of (China); six are under the destination of Finland; three are under the destination of T[uuml]rkiye; two are under the destination of Kazakhstan; one is under the destination of Italy; and one is under the destination of the United Kingdom. BIS is also amending the EAR by removing five persons from the UVL. Of the five persons being removed, three are under the destination of China and two are under the destination of the United Arab Emirates.
Agencies
- Commerce Department
- Industry and Security Bureau
Business Impact
$$$ - High
The text discusses amendments to the Unverified List (UVL) under the Export Administration Regulations (EAR), listing entities that cannot be verified as reliable participants in export transactions. Businesses must comply with new requirements regarding transactions involving these entities or risk penalties. This directly impacts export operations and compliance obligations.