The BIS 50% / Affiliates Rule: Taking the Critical Next Steps

The long-awaited 50% rule from the U.S. Bureau of Industry and Security (BIS) is here. It is now mandatory for exporters to conduct ownership screening on parties to their transactions prior to shipping; name-based checks alone are insufficient. Companies need to reliably identify their product end users’ ultimate owners across an unprecedented range of jurisdictions (including opaque ones), product categories, and trading relationships — and they must do so immediately. 

This increased regulatory obligation demands an unparalleled depth of insight into ownership structures. Sayari’s first-to-market BIS 50 solution is already empowering customers to illuminate hidden affiliate relationships and satisfy the rule’s strict liability standard. With more than 9 billion corporate and trade records, our solution automatically identifies the tens of thousands of entities restricted under this new rule.

Watch this webinar on-demand from Sayari and Akin’s Kevin Wolf, Matt Borman, and Eileen Albanese to learn the critical next steps for ensuring compliance using market-leading corporate ownership data and risk insights.

Key Takeaways:

• How to move beyond basic name-based screening and expand your program to account for ownership-based controls
• How to best utilize limited compliance resources to comply and minimize the risk of penalties
• Best practices for managing the rule’s new “red flag” for indeterminate ownership and restrictive license requirements when multiple listed entities are involved
• How to navigate the expanded applicability of Foreign Direct Product Rules using technical solutions

Other BIS Affiliates Resources:

• The BIS 50% Rule in Effect: Protect Your Business with Sayari
• Preparing for the Anticipated BIS 50% Rule
• Sayari Launches BIS50 Solution in Response to Anticipated U.S. Export Control Expansion