OFAC adds North Korea related sanctions

OFAC announced additional sanctions related to North Korea on Friday, continuing the enforcement of existing UN and U.S. sanctions. The new sanctions target a Russian bank for knowingly facilitating a significant transaction on behalf of an individual designated for weapons of mass destruction-related activities in connection with North Korea. OFAC also targeted one individual and two entities for facilitating North Korean illicit financial activity. This action reinforces the United States’ ongoing commitments to upholding the decisions of the UN Security Council. For identification information, see our OFAC Update.