Kenneth Rijock

Kenneth Rijock

Monday, May 25, 2020

US DEPT. OF COMMERCE ADDS 24 CHINESE-CONTROLLED COMPANIES TO ENTITY LIST




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.




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