Department of Commerce Bureau of Industry and Security

By Myers, Julie L.

Book Id: WPLBN0000710719
Format Type: PDF eBook
File Size: 57.67 KB.
Reproduction Date: 2000

Title:	Department of Commerce Bureau of Industry and Security
Author:	Myers, Julie L.
Volume:
Language:	English
Subject:	Government publications, Department of Commerce and Labor Document, Commerce.
Collections:	Department of Commerce Collection
Historic Publication Date:
Publisher:	Government Printing Office


Citation APA MLA Chicago Myers, J. L. (n.d.). Department of Commerce Bureau of Industry and Security. Retrieved from https://self.gutenberg.org/

Excerpt
Summary: On June 14, 2002, the Bureau of Industry and Security (??BIS??) published a notice in the Federal Register establishing a list of persons in foreign countries who were parties to past export transactions where prelicense checks or post-shipment verifications could not be conducted for reasons outside the control of the U.S. Government (??Unverified List??). See 67 FR 40910. That notice also advised exporters that the involvement of a listed person as a party to a proposed transaction constitutes a ??red flag?? as described in the guidance set forth in Supplement No. 3 to 15 CFR part 732. Under that guidance, the ??red flag?? requires heightened scrutiny by the exporter (and others involved in the transaction) before proceeding with a transaction in which a listed person is a party. Since that time, BIS has issued subsequent notices that added persons to and removed them from the Unverified List, as circumstances warranted. This notice advises exporters that the Unverified List will now also include persons in foreign countries in situations where BIS is not able to verify the existence or authenticity of the end user, intermediate consignee, ultimate consignee, or other party to an export transaction. This notice also adds five persons to the Unverified List and advises exporters that the involvement of these persons as a party to a proposed transaction constitutes a ??red flag.??...