On 24 January 2018, OFAC designated nine entities, 16 individuals and six vessels “in response to North Korea’s ongoing development of weapons of mass destruction (WMD) and continued violations of United Nations Security Council Resolutions”. The designations “target agents of the Kim regime financing or otherwise supporting North Korea’s WMD programs and other illicit businesses”.… Continue Reading
On 6 July 2016, the US Treasury Department’s Offce of Foreign Assets Control (OFAC) added Kim Jong Un and 10 high-ranking officials of the North Korean government, and five North Korean entities, to the agency’s List of Specially Designated Nationals and Blocked Persons. The action follows the recent release of the US State Department’s “Report on Serious Human Rights Abuses … Continue Reading
North Korea – New U.S. Sanctions Announced. On Wednesday, the Obama Administration announced sanctions designations targeting senior North Korean officials, including Kim Jong Un. The U.S. Department of State issued a report identifying individuals and entities responsible or associated with serious human rights abuses or censorship in North Korea. In tandem, the U.S. Department of … Continue Reading
