The Singapore Ministry of Trade and Industry (MTI) and Singapore Customs have issued a joint advisory on export controls related to semiconductor and AI technologies. The advisory was issued under the Strategic Goods (Control) Act and the Regulation of Imports and Exports Regulations, and aligns with multilateral export control arrangements and United Nations Security Council sanctions. The advisory reminds companies in Singapore to not comply with law and not circumvent export controls, and advises them to implement appropriate internal compliance measures, including Know Your Customer (KYC) procedures and end-user due diligence, to minimise the risk of unintended violations of applicable export controls.
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