BIS continues to strengthen export controls focused on sales of semiconductors and related technologies to China. https://lnkd.in/embca7x4 In addition to their latest package of rules BIS added eight new red flags to assist exporters in their due diligence checks. These include addressing the scenario where a request for an item or service comes from a new customer whose senior management overlaps with an entity already on the Entity List. Under the new guidance, this would require an exporter, re-exporter, or transferor to conduct additional due diligence before proceeding with the transaction. The trend here is clear — indirect affiliations are increasingly becoming a part of due diligence for exporters, no matter how challenging they are to investigate.
WireScreen
Information Services
New York City, NY 1,227 followers
The Leading China Business Intelligence Platform
About us
WireScreen is a business intelligence platform that provides an information advantage to private and public sector organizations navigating an increasingly complex and consequential China landscape. We are trusted by some of the world’s leading multinationals, law firms, regulators, and government agencies. We stand as torchbearers of corporate transparency, aiming to illuminate the intricate connections that exist between businesses, people, supply chains and the inner workings of a globalized economy. Whether surfacing hidden risks or seizing opportunities in your business network, WireScreen generates high value, unique, contextual insights at a depth and scale that are otherwise unattainable. We are headquartered in New York, and backed by leading Venture Capital firms including Sequoia Capital and Harpoon Ventures. Our founding team has roots in investigative journalism, due diligence, law, and technology, and includes a Pulitzer Prize winner as well as senior engineering talent with experience at tech’s biggest names.
- Website
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https://wirescreen.ai/
External link for WireScreen
- Industry
- Information Services
- Company size
- 11-50 employees
- Headquarters
- New York City, NY
- Type
- Privately Held
- Founded
- 2019
Locations
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New York City, NY, US
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District of Columbia, DC, US
Employees at WireScreen
Updates
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Before diving into the realities of forced labor regulations and the UFLPA, we started this week's WireScreen webinar with a bit of a crash course on the strategic and economic importance of China's Xinjiang region, along with the unique nature of the Xinjiang Production and Construction Corps. Want to learn more? Watch the full webinar at https://lnkd.in/evj-_F8z.
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Friendly reminder to importers, regulators, supply chain gurus, and international trade compliance folks... our new webinar, "Disrupting Forced Labor - The Evolution of the UFLPA" is this Wednesday, December 4th at 11am. You can register at the link below (or watch any of our previous webinars on demand). https://lnkd.in/evj-_F8z We'll be covering everything you need to know about not just the law, but what brought it about, how enforcement has evolved, and how corporate data can tell you amazing things about potential ties to forced labor. We'll even have a special guest, Eliot Chen from The Wire China to help us explain it all. Even if you can't make it -- or you see this post after Wednesday -- be sure to register so we can send you the on-demand recording. It's going to be a good one! 🎬
WireScreen Webinars
wirescreen.ai
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WireScreen reposted this
We're excited to announce a new partnership between Quantifind and WireScreen to tackle the growing risks of Chinese influence on global business operations. This collaboration integrates WireScreen's specialized corporate intelligence on China with Quantifind's AI-driven platform, Graphyte. WireScreen will help identify risks tied to Chinese influence and its proxies, offering a more comprehensive view of global networks. The integration will also improve visibility into potential risks within supply chains and international networks. Together, we’re empowering businesses and government agencies to proactively uncover hidden relationships and mitigate risks in today’s interconnected world. Read more about the partnership: https://lnkd.in/g9wFqZau #RiskManagement #AI #Compliance #RiskIntelligence
Quantifind's Precise AI and WireScreen's Corporate Intelligence Unite to Uncover Hidden Foreign Influence in Global Networks
prnewswire.com
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An awful lot has changed in the nearly three years since the Uyghur Forced Labor Prevention Act (UFLPA) was signed into law. Importers and agencies alike have been forced to adapt to new responsibilities, even as the scope and impact of the law continues to evolve. On December 4th at 11am, we’ll be joined by Eliot Chen of The Wire China as we unpack how we got here, where things may be headed, and the role of corporate data and intelligence in uncovering the often hidden connections between companies and forced labor in China. Hope to see you there! Registration link: https://lnkd.in/eK2Pfd_h
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We can confirm Peter Coy’s conclusion — even the most optimistic corporations are realizing that it’s simply impossible to completely disassociate from suppliers, partners, and customers in China. While in theory this kind of clean break might make things simpler from a legal and compliance standpoint, removing any and all dependencies on the world’s second largest economy is easier said than done. Modern, reality-based China strategies are flexible, nuanced, and informed by much better, more granular information than most organizations are used to demanding from their compliance and supply chain solutions. https://lnkd.in/eJBJQuBV
Opinion | Breaking Up With China Is Hard to Do
https://www.nytimes.com
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C4ADS has done some extremely impressive work here, especially given how complex ownership and supply chains can be in China. Side Effects is one of the more stunning recent examples of what a group of talented researchers can determine with access to WireScreen. See for yourself: https://lnkd.in/e5PdZcDf
NEW: If you’ve been to your local pharmacy lately, there’s a chance that something you bought was produced with active ingredients that can be traced to #XUAR — and that it was manufactured using #Uyghur #forcedlabor. In Side Effects, we look at the human rights implications of those global pharmaceutical supply chain ties to the region. #China is the largest active pharmaceutical ingredient producer — and the second-largest pharmaceutical market — in the world. And many of the companies responsible for creating and maintaining that market rely on manufacturing bases in XUAR, a hotspot for human rights abuses and a key hub for several of China’s largest pharmaceutical companies (like Sinopharm, Xinjiang Dejuan Bioengineering, and Xinjiang Nuziline Bio-Pharmaceutical). In fact, 76 different pharmaceutical products exported from China are *only* produced in XUAR, including some over-the-counter pain relievers. For global supply chains, this means clear risk of exposure to forced labor. Still, several key global bodies continue to register and source from these XUAR-linked companies — including the FDA and USAID, as well as Japan’s Pharmaceuticals and Medical Devices Agency. As the global community continues to coalesce around forced labor legislation, it’s our hope that policymakers and private-sector actors alike can use the insights found in this report to bolster sanctions, derisk supply chains, and improve due diligence systems. Read 👇 https://lnkd.in/e5PdZcDf
Side Effects
https://c4ads.org
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WireScreen reposted this
Excited to be attending #OSMOSISCon in Las Vegas from October 20-22, 2024! I'll be representing WireScreen at the Carahsoft booth. Stop by to discuss how our cutting-edge open-source intelligence platform can illuminate hidden connections and provide actionable insights, especially in the complex landscape of Chinese corporate networks. Drop me a message if you’ll be at OSMOSISCon too—I’d love to hear about your work and explore potential collaborations. See you there! #OSINT #Networking #OSMOSISCon2024 #WireScreen
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WireScreen reposted this
Ted, so cool to have you visit with us. You may recall that I mentioned our startup idea that time I visited you at Bloomberg, back in 2016 or 2017.. it took a long time to come together.
Founder Principals Media / Modern Storytelling for Business Leaders / Former Global Head of News Product at Bloomberg
The View from the Office. I met David Barboza in midtown at the offices of WireScreen, a company he co-founded with Lynn Zhang in 2019. It was late afternoon, so I had an espresso and snacked on some nuts. David is a former New York Times reporter who won the Pulitzer Prize. He spent two decades at the paper, covering the stock market and Chicago before moving to China in 2004. He was Shanghai bureau chief from 2008 to 2015. WireScreen grew out of a passion for China and a realization that there was a huge opportunity to provide data about the country because information about global business is increasingly important and hard to get. WireScreen is a bit like a Dun & Bradstreet database for China. It has fundamental information on 12 million companies and 25 million people. You can look up, for example, owners, management, stakeholders, key suppliers and customers. The database is both deep and wide. It cross indexes investors, companies and suppliers, providing an ability to evaluate supply chain risk and fulfill a basic business requirement to “know-your-customer.” The company has raised a total of $18 million from venture capital firms including Sequoia Capital and Harpoon Ventures. As part of the latest round of financing, PitchBook valued WireScreen at about $70 million. So far, WireScreen has focused on selling to government agencies, multinational corporations, law firms and regulators. David said that in the future they may consider expanding to sell information to the financial industry. David said the key challenge hasn’t been procuring the data so much as “entity resolution,” which means accurately identifying which companies and people are cited in public filings and determining their connections. I first met David in 2018. I was working as a product head at Bloomberg at the time. He visited the office to kick around an idea about providing news and information on China. Six years later, here we are. I congratulated him on how far he’s come. He said there is still a long way to go. David can be reached on LinkedIn or for a warm intro DM me. #viewfromoffice
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WireScreen reposted this
WireScreen is thrilled to have sponsored the Potomac Officers Club 2024 Intel Summit! It was a fantastic opportunity to connect with industry leaders and national security professionals as we delved into crucial topics shaping the intelligence community today, including AI-driven outcomes, OSINT, and the integration of the IC and DoD. This event emphasized the significance of collaboration between government and industry for a robust intelligence landscape and we were proud to be a part of it! #IntelSummit2024 #OSINT #AI #NationalSecurity
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