On 5 May 2016, the US Treasury Department’s OFAC announced designations of leaders and associates of the so-called Waked Money Laundering Organization, and 68 entities believed to be part of that organization, as specially designated narcotics traffickers under the Foreign Narcotics Kingpin Designation Act. OFAC, in cooperation with US Customs and Border Protection, other US agencies and the Panamanian Government, … Continue Reading
South Korea, the EU and US imposed or strengthened sanctions against North Korea in March. South Korea’s sanctions include an asset freeze on, and a restriction on business dealings with, 38 individuals and 24 entities in North Korea alleged to be responsible for the development of weapons of mass destruction. Further sanctions were imposed against two individuals and six … Continue Reading
