Last week the Department of Commerce added twenty four mainly Chinese companies to the restricted Entity List, which prohibits exports of American products t them. They are suspected of being purchasing agencies for the Chinese military. No goods, especially dual-use technology that has possible military applications, may be sold to those companies without a special exporters license.
Compliance officers should immediately check to see whether any of their banks clients appear on the List. You may access the Supplement No. 4 to Part 744 here.