What is the primary purpose of the Unverified List?

The primary purpose of the Unverified List is to identify individuals who cannot be verified for transactions. This list serves as a precautionary measure in international trade and export control, alerting companies and exporters that they should exercise heightened scrutiny when engaging with these individuals or entities. By maintaining this list, the intent is to mitigate risks associated with potential violations of export regulations and to ensure that transactions are not inadvertently conducted with parties that may pose a national security threat or may be involved in unlawful activities.

Consequently, exporters are encouraged to conduct due diligence and implement additional checks to verify the legitimacy and intended use of the transactions involving those on the Unverified List, making it a critical tool in the enforcement of export compliance.