Malaysia Strategic Trade Act (2010) - Restricted and Prohibited End-Users

The Malaysia Strategic Trade Act (2010) establishes regulations for controlling exports and trade of strategic goods. One important aspect is the list of restricted and prohibited end-users. This list identifies entities that are not allowed to receive certain goods due to risks like misuse or involvement in illegal activities.

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240 Entities in Malaysia Strategic Trade Act (2010) - Restricted and Prohibited End-Users

Entity Name	Entity Type	Effective Date	Status
KIM KWANGIL	Individual	Jan 22, 2013	active
MUN CHONGCHOL	Individual	Mar 7, 2013	active
JANG BOM SU	Individual	Mar 2, 2016	active
KANG MUN KIL	Individual	Mar 2, 2016	active
KIM JONG SIK	Individual	Dec 22, 2017	active
PHYONGCHON SHIPPING MARINE	Company	Mar 30, 2018	active
MOHAMMAD ESLAMI	Individual	Mar 3, 2008	inactive
HYON KWANG IL	Individual	Mar 2, 2016	active
SEPANIR	Company	Jun 9, 2010	inactive
PAK HAN SE	Individual	Jun 2, 2017	active

FAQs

Why is compliance with the Malaysia Strategic Trade Act (2010) - Restricted and Prohibited End-Users necessary?

Compliance with the Malaysia Strategic Trade Act (2010) regarding restricted and prohibited end-users is crucial for national security and international obligations. This legislation aims to prevent the proliferation of weapons of mass destruction (WMD), ensuring that sensitive materials do not end up in the hands of unauthorized entities. Adhering to these regulations safeguards Malaysia's reputation in the global arena, promotes responsible trade practices, and helps maintain regional stability. Failure to comply may result in severe penalties and jeopardize international relationships.

Which companies should comply with Malaysia Strategic Trade Act (2010) - Restricted and Prohibited End-Users?

Companies engaged in trading, manufacturing, or providing services related to dual-use goods and technologies must comply with the Malaysia Strategic Trade Act (2010). This includes industries such as defense, aerospace, telecommunications, and technology. Compliance is crucial to prevent the proliferation of weapons and ensure national security, as well as to adhere to international trade obligations and ethical standards.

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