Tag Archives: ballistic missile

UN Adopts New Sanctions Against North Korean Offcials and Entities

On 2 June 2017, the UN Security Council adopted new sanctions targeting 18 North Korean officials and entities as a result of North Korea’s recent ballistic missile tests. Under these sanctions, entities and people are subject to an asset freeze and travel ban in all UN countries. The EU’s implementing measures are Commission Regulation 2017/970, which amends Council Regulation 329/2007 … Continue Reading

US Treasury Department Proposes Financial Sanctions Against Chinese Bank to Address North Korea Concerns

On 29 June 2017, the US Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a proposed rule that would designate China’s Bank of Dandong to be a foreign financial institution of primary money laundering concern under Section 311 of the USA PATRIOT Act. The measure responds to findings that the bank used the US financial system to facilitate millions of dollars … Continue Reading

UN Security Council Calls for Stricter Enforcement of Sanctions Against North Korea

The UN Security Council released a press statement on 6 September condemning the ballistic missile launches conducted by North Korea on 5 September, in direct violation of UN sanctions. The statement further added that members of the Security Council called upon all member states to redouble their efforts to implement fully the measures imposed on North Korea. Back in March … Continue Reading