US BUREAU OF INDUSTRY AND SECURITY (BIS) HAS ADDED 15 ENTITIES TO THE ENTITY LIST (AND REMOVED 1 NAME)

US BUREAU OF INDUSTRY AND SECURITY (BIS) HAS ADDED 15 ENTITIES TO THE ENTITY LIST (AND REMOVED 1 NAME)

The European Sanctions Blog on 4th September reported that they have been listed for “acting contrary to the national security or foreign policy interests of the United States”. The Export Administration Regulations (EAR) restrict their access to US-origin goods (additional licence requirements on, and limits on the availability of most licence exceptions for, exports, re-exports, and transfers (in-country) to the listed entities).  The entities are from China, Hong Kong, UAE, Saudi Arabia, Turkey and Pakistan, with 1 from Russia.  At the same time, Top Electronics Company SA from Greece has been removed from the list.  The reasons for listing include involvement in supplies to North Korea or Iran, transhipping and procuring US goods without the necessary licences, and supplying false end-use information.

https://europeansanctions.com/2018/09/04/us-export-restrictions-on-15-entities/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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