US adds South African national to DPRK sanctions list

OFAC has designated Russia-born, South African national Vladlen Amtchentsev pursuant to Executive Order 13722 for acting for or on behalf of Velmur Management Pte Ltd, a Singapore-based entity previously designated by the US for being involved in the purchase of fuel oil and gasoil for North Korea. As a result, Mr Amtchentsev will now be subject to a US asset freeze and travel ban. See OFAC Notice and US Treasury Press Release.