The U.S. Bureau of Industry and Security (BIS) has released its List of Parties of Concern, which means additional due diligence and processes for companies doing business with parties on either the Entities List or the Unverified List. What does this really mean for exporters and re-exporters in Canada? Zack Hadžismajlović joins this session which takes stock of the practical challenges confronting industry, including:
- Analyzing what it means to be on the List of Parties of Concern, and the specific subgroups. Why are some entities on the list?
- Ensuring you are satisfying due diligence and screening requirements—and how to know if you are getting it right
- Examining the nuances posed by Russia and China
- Conducting due diligence as a small or mid-sized company
- How to know if you are doing business with a company that has a third-party on the list