BIS Adds 31 to Unverified List, Including YMTC
The Bureau of Industry and Security added 31 Chinese entities to its Unverified List, including semiconductor firm Yangtze Memory Technologies Co., it said in a final rule effective Oct. 7. BIS said it hasn’t been able to verify the “legitimacy and reliability” of the entities through end-use checks, including their ability to responsibly receive controlled U.S. exports. All export license exceptions involving those parties will be suspended, and exporters must obtain a statement from any party listed on the UVL before proceeding with certain exports.
The agency also removed nine other entities from the UVL and issued new guidance on what types of criteria and activities may lead to the transfer of UVL entries to the more restrictive Entity List.