The US Treasury has introduced a requirement that banks obtain a licence from OFAC before granting North Korean diplomats bank accounts, or extending credit to them or their families. This follows a UN Security Council Resolution in early December requiring Member States to limit North Korean diplomatic missions to one bank account each (see previous blog). The restrictions are intended to…...
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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...