North Korea

Global Trade
North Korea
Sanctions
UN Security Council

UN Panel Investigation Report: N Korea Sanctions Violations Encompassing Some 20 Countries

In March of 2019, the UN Panel issued a report of its in-depth investigation of possible violations of North Korean sanctions in 20 countries.  Highlights concern potential violations of military sanctions due to reports of clandestine procurement activities to support the North Korean nuclear program, reports of military cooperation between North Korea and Syria, Libya, Egypt, […]

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North Korea
Sanctions
UN Security Council

UN Investigating Possible N Korea Sanctions Violations

March 19, 2019:  The UN is investigating potential North Korea sanctions violations that involve some twenty countries.  The UN Panel Report details observations of actions that point to possible military, trade and financial sanctions violations via clandestine procurement for nuclear programmes” in China, reports of military cooperation between North Korea and Syria, Libya, Iran, Egypt, […]

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Fraud
Global Trade
North Korea
Sanctions
UN Security Council

S Koreans Charged with UN N Korea Sanctions Evasion

Last week, South Korean prosecutors indicted four South Koreans for their illegal business dealings with North Korea. According to Reuters, “South Korea’s customs agency found in August that some firms had imported coal from North Korea in violation of U.N. resolutions aimed at choking off funding for its nuclear and ballistic missile programmes.” The four […]

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Global Trade
North Korea
OFAC
Sanctions
SDN

OFAC: New North Korea Designations

Earlier this week, OFAC issued a Notice of designation of three individuals under EO 13687 (travel ban, asset freeze) in connection with serious human rights abuses and censorship by the North Korean regime. The new designees are: CHOE, Ryong Hae (a.k.a. CH’OE, Ryong-hae); DOB 15 Jan 1950; Director of the Workers’ Party of Korea Organization and […]

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Freshly Brewed
Global Trade
North Korea
OFAC
Sanctions
SDN

OFAC: SDN List Updated With North Korea and Libya Related Designations

Nov. 19, 2018:  OFAC updated its SDN list today.  The following individuals were added: AMTCHENTSEV, Vladlen, Singapore; DOB 25 Jan 1969; POB Klimovsk, Russia; Gender Male; Secondary sanctions risk: North Korea Sanctions Regulations, sections 510.201 and 510.210; Passport M00021291 (South Africa) issued 04 May 2010 expires 03 May 2020; National ID No. 6901256079081 (South Africa) […]

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EU
Freshly Brewed
North Korea
Sanctions

EU – North Korea Sanctions: Update of Listed Vessels

The European Council published an updated list of vessels that are designated by the EU under the North Korea sanctions.  For more detail, click for the Council Implementing Decision here and the Council Implementing Regulation here.

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Cases
DOJ
FinCEN
Fraud
North Korea
OFAC
Sanctions
SDN

OFAC: North Korea SDN Designations; Money Laundering and North Korean Strategies with the International Financial System

10-25-18, OFAC updated its SDN list and named Tan, Wee Beng with an address in Singapore as an SDN under North Korea Sanctions Regulations.  We reported this in our previous post, which can be accessed here.  To expand on this post, the Treasury Department also issued a press release discussing the new SDN, Tan Wee […]

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Freshly Brewed
North Korea
OFAC
Sanctions
SDN

US Treasury’s OFAC: New SDN Counter-Terrorism & North Korea Individuals, Vessels and Companies Designated

10-25-18; The Office of Foreign Assets Control published a Notice today listing additional North Korean individuals, companies and vessels that are now designated as SDNs. Also, OFAC updated its Counter-Terrorism Designations naming two individuals who are linked to the Taliban. For the complete listing, click here.

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