BIS seeks to strengthen the unverified list

On 11 September 2013 the Department of Commerce’s Bureau of Industry and Security (BIS) proposed significant revisions to the unverified list (UVL) provisions in the Export Administration Regulations (EAR). BIS proposes to amend the EAR by: (1) requiring exporters to file an Automated Export System (AES) record for all exports subject to the EAR involving entities listed on the UVL even if the transaction is otherwise eligible for an exemption from reporting; (2) suspending the availability of licence exceptions for exports, re-exports, and transfers (in-country) involving entities listed on the UVL; (3) requiring exporters, re-exporters, and transferors (in-country) to obtain an end-user statement from UVL-listed entities before proceeding with exports, re-exports, and transfers (in-country); and (4) adding to the EAR procedures to request removal or modification of a UVL entry.

BIS has proposed these changes in order to increase its own awareness of transactions involving UVL entities, and to encourage exporters to apply more scrutiny to transactions involving UVL-listed entities. Companies doing business with UVL entities should review their current compliance procedures…

If you are registered and logged in to the site, click on the link below to read the rest of the Hogan Lovells briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Hogan Lovells

View more briefings from Hogan Lovells

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

Atlantic House
Holborn Viaduct
London
EC1A 2FG
UK
http://www.hoganlovells.com

Turnover (£m): 1,098.00
No. of lawyers: 2,313 (UK 200)
Jurisdiction: UK
No. of offices: 9
No. of qualified lawyers: 206 (International 50)

Jobs