Upping Your Screening Due Diligence to Match the Current Regulatory Environment

Event description

Restricted and denied party screening is much more than just screening for names of individuals and companies that appear on restricted lists. Recent regulations have raised expectations of the screening practices and techniques that companies should use to prevent unauthorized shipment or diversion of their products. Address screening has become especially important since the Bureau of Industry and Security (BIS) introduced a significant update to the Entity List by including address-only entries. BIS recommends that exporters and re-exporters screen both the name and address of a party to an export transaction to comply with license requirements that may apply to certain addresses and to monitor certain “red flags” that require additional due diligence such as near-matches to addresses on the Entity List and co-location with a listed entity.

BIS also expects enhanced due diligence from exporters dealing with Common High Priority List items, which Russia seeks to procure for its weapons programs. For transactions involving CHPL items, BIS recommends screening against the list provided by the Trade Integrity Project (TIP), a non-government U.K. entity that monitors military and dual-use trade with Russia and has identified parties in third countries with a recent history of exporting CHPL items to Russia. There are also screening risks that can’t be addressed by list-based screening such as screening for military end-users and end-uses, as well as for military intelligence end-use, when shipping certain products to some countries, including China, Venezuela, Burma, Cambodia and Belarus.

As a result of increased screening expectations, exporters face higher risk of triggering violations due to the complexity of validating high-risk addresses, the increased screening burden, and the enhanced scrutiny and documentation necessary to remain compliant. This webinar will discuss how companies can up their game by enhancing their screening due diligence in response to the current regulatory requirements.

Our speaker will be Tahlia Townsend, Partner, International Trade Compliance and Litigation with Wiggin and Dana LLP.  

Date: Wednesday, April 16, 2025
Time: 12:00 - 1:30 p.m. ET
Location: Online
Cost: $25 / No charge for Compliance Alliance members
Contact: Massachusetts Export Center at training@massexport.org or 617-973-6610