International Trade Law News

The Bureau of Industry and Security (BIS) today published in the Federal Register a notice announcing the addition of five new entitites to the Unverfied List.

The new additions to the unverified list include: T.Z.H. International Co. Ltd. in the Hong Kong Special Administrative Region; Design Engineering Center in Pakistan; Kantry in Russia; Elaton Company in Russia; and Pskovenergo Service in Russia. As a result of the inclusion of these entities on the Unverified List, a "red flag" now exists for transactions involving these entities. Exporters now have an affirmative duty to inquire, verify, or otherwise substantiate the proposed transaction to satisfy themselves that the transaction does not involve a prohibited proliferation activity and does not violate other provisions of the Export Administration Regulations.