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Clifford Chance

Clifford Chance

Briefings

US export controls update: Why Hong Kong dominates the new unverified list

1 August 2014

Among the lists against which US exporters should screen their transaction partners is the US "Unverified List" ("UVL" or the "List"). Formerly just a "red flag" list, the UVL was recently made much more powerful. Companies now on the list are subject to US export licensing restrictions and verification requirements. And there are four times as many Hong Kong companies listed as any other country.

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