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KPMG Smart Practice: Navigating the United States’ BIS Affiliates Rule – Why Restricted Party Screening Is No Longer Optional

Export control regulations continue to evolve in response to shifting geopolitical priorities, placing increased pressure on compliance professionals to anticipate and not just react to regulatory change. One such development is the United States’ “Affiliates Rule,” which may dramatically expand the scope of entities subject to export restrictions of certain restricted parties. The rule has been suspended through November 9, 2026, at which time the rule will come into force unless further suspen...

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