ISRAEL EXPORT AGENCY TO REQUIRE SANCTIONS AND KYC CHECKS FOR LICENSEES

A post on the FCPA Blog on 25th February explained that the Israeli Ministry of Defense Export Control Authority (DECA) system for granting export licences is two-tiered: first is a request for a marketing licence (in order to carry out substantive marketing activities), and second a request to grant the export licence itself.  The post says that DECA will start to require KYC, blacklist, and sanctions searches to applications for both types of licence – to strengthen control by Israeli authorities over marketing and export of military goods.

http://www.fcpablog.com/blog/2019/2/25/israel-arms-exports-will-require-kyc-and-sanctions-checks.html

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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