OFAC has sanctioned 26 people linked to DPRK financial networks and 8 DPRK banks, in response to what the US has described as its ongoing violations of UN Resolutions and attempts to develop WMDs. The 26 people are all DPRK nationals working in China, Russia, Libya, and the UAE as representatives of DPRK banks. OFAC identified the Foreign Trade Bank and Central Bank of the Democratic People’s Republic of Korea as part of the Government of North Korea. Foreign Trade Bank was already designated by the US, and Central Bank is now also subject to US sanctions.
Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. The legal directories say she is the...See profile for Maya Lester QC >