Preparing for the Anticipated BIS 50% Rule

In April, nominee for BIS Assistant Secretary of Export Administration Landon Heid expressed interest in implementing a Majority Ownership rule for the BIS Entity List and Military End User (MEU) List, and industry experts now anticipate the change will occur regardless of Heid’s confirmation. Such a rule would mirror the Office of Foreign Assets Control’s (OFAC) 50 Percent Rule in an effort to close a “subsidiary loophole” suspected of contributing to export control evasion. Because traditional screening lists do not include the subsidiaries of listed entities on the BIS Entity list, this could create potential compliance vulnerabilities for companies should the rule go into effect.

Sayari, in anticipation of this seismic regulatory shift, announced the release of its BIS50 Signal Screening Solution, an extension of Sayari’s existing robust screening capabilities, that empowers organizations to prepare for this rule by providing shareholder relationship data with precise ownership percentages. This module delivers the immediate, actionable intelligence companies need to strengthen compliance, reduce risk, and protect their business — particularly in the face of swift regulatory changes.

Join us on Tuesday, July 1st at 11am ET to hear from Akin’s Kevin Wolf, Matt Borman, and Eileen Albanese, and Sayari’s Harry Hayllar, on how the proposed export control expansion is expected to impact industry. This session will include: 

• An overview of the regulatory context and the challenges it poses to compliance teams
• A discussion of the legal and practical implications of a BIS Majority Ownership rule and how exporters should prepare
• A look at how organizations can protect against subsidiary risk with Sayari’s BIS50 Signal Screening Solution

Register today to learn more and start helping your organization confidently navigate today’s complex regulatory environment.

Can’t attend? Register anyway and we’ll send you the recording.