Technology companies, trade groups, think tanks and researchers urged the government to be cautious as it evaluates its semiconductor-related export controls and prepares new ones, warning that misguided restrictions could cede American technology leadership to China, hurt the competitiveness of U.S. companies and raise the complexity of an already fraught compliance landscape.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
A 2022 Bureau of Industry and Security policy change has continued to lead to improved Chinese cooperation with BIS end-use checks, an agency official said Jan. 23.
The Bureau of Industry and Security last week removed three companies from the Unverified List after it was able to successfully complete end-use checks.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
China’s Ministry of Commerce criticized the Biden administration's decision this week to add 13 Chinese companies to the Unverified List (see 2312190022), saying the move will “destroy the market rules and the international business order,” according to an unofficial translation. “China will firmly oppose this,” the ministry said, adding that the U.S. should “stop its unreasonable suppression of Chinese companies.” Companies on the UVL are ineligible for U.S export license exceptions and are subject to additional reporting requirements.
The Bureau of Industry and Security this week added 13 Chinese companies to its Unverified List after it was unable to verify the “legitimacy and reliability” of the entities through end-use checks, including their ability to responsibly receive controlled U.S. exports. If BIS is unable to complete an end-use check on those companies within 60 days, it can move them to the more restrictive Entity List.
The Bureau of Industry and Security added 13 Chinese technology companies to its Unverified List, it said in a final rule effective Dec. 19. BIS said it hasn’t been able to verify the “legitimacy and reliability” of the entities through end-use checks, including their ability to responsibly receive controlled U.S. exports. All export license exceptions involving those parties will be suspended, and exporters must file certain Electronic Export Information and obtain a statement from any party listed on the UVL before proceeding with certain exports.
The Bureau of Industry and Security last week removed four Chinese companies from the Unverified List after it was able to successfully complete end-use checks.
The Bureau of Industry and Security and the Financial Crimes Enforcement Network this week issued another set of export control evasion red flags for financial service firms along with a new key term that banks and others can include in their suspicious activity reports to FinCEN. The new term will “enable even more BIS investigative and Entity List actions against” people and companies looking to evade U.S. export controls, said Matthew Axelrod, BIS’ top export enforcement official.