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North Korea Designations and Update; Non-proliferation Designations; Counter Narcotics Designations Removals and Update

March 31, 2017

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced it has designated one entity and 11 individuals in response to North Korea’s ongoing development of weapons of mass destruction (WMD) and continued violations of United Nations Security Council Resolutions (UNSCRs). Today’s action targets North Korean nationals working as agents of the regime in Russia, China, Vietnam, and Cuba to provide financial support or WMD procurement services for UN- or U.S.-designated sanctioned entities. As a result of today’s action, any property or interests in property of the designated persons in the possession or control of U.S. persons or within the United States must be blocked, and U.S. persons are prohibited from dealing with any of the designated parties.

The designations were made pursuant to Executive Order (E.O.) 13382, which targets WMD proliferators and their supporters; E.O. 13687, which targets the Government of North Korea, the Workers’ Party of Korea, and their supporters; and E.O. 13722, which targets, in part, North Korea’s trade in coal, as well as its transportation and financial services industries. 

OFAC also made several deletions from its SDN Lists. For identifying information on the individuals and entity added, as well as those removed, see OFACs SDN List Update.

First published on 03/31/2017

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