BIS 50% Rule: What Exporters Need to Know Now - GHY International
Summary by GHY International
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1 Articles
BIS 50% Rule: What Exporters Need to Know Now - GHY International
The BIS 50% Rule requires exporters to check company ownership, not just names, during denied party screening. If a listed entity owns 50% or more of a business, that business is restricted. This rule increases compliance complexity, especially in sensitive tech sectors. Companies must identify indirect ownership to avoid penalties, shipment delays, and supply chain issues. Enhanced due diligence and integrated ownership checks are now essential…
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