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 NameEntity TypeEffective DateStatus

KOREAN COMMITTEE FOR SPACE TECHNOLOGY

CompanyJan 22, 2013active

KHORASAN METALLURGY INDUSTRIES

CompanyMar 3, 2008inactive

SINGWANG ECONOMICS AND TRADING GENERAL CORPORATION

CompanyNov 30, 2016active

PROGAIN GROUP CORPORATION

CompanyMar 30, 2018active

SAHAND ALUMINUM PARTS INDUSTRIAL COMPANY SAPICO

CompanyJun 9, 2010inactive

SEPASAD ENGINEERING COMPANY

CompanyJun 9, 2010inactive

MANSUDAE OVERSEAS PROJECT GROUP OF COMPANIES

CompanyAug 5, 2017active

KOREA YUJONG SHIPPING CO LTD

CompanyMar 30, 2018active

CHONMYONG SHIPPING CO

CompanyMar 30, 2018active

SHAHID HEMMAT INDUSTRIAL GROUP SHIG

CompanyDec 23, 2006inactive

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.