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Sanctions Profile: North Korea
At a glance
UN sanctions were first imposed on North Korea in October 2006, pursuant to UN Security Council Resolution 1718, in response to its nuclear weapon and ballistic missile tests. Between 2006 and 2016, the sanctions consisted of an arms embargo, a prohibition on exports to and imports from North Korea of nuclear- and ballistic missile-related items, and targeted asset freezes and travel bans on people and entities identified as being involved in or providing support for North Korea’s nuclear or ballistic missile programmes.
News
OFAC updates listing information for 490 N Korea SDNs
OFAC has updated the listing information for 490 Specially Designated Nationals subject to sanctions on North Korea to include the following: “Transactions Prohibited For Persons Owned or Controlled by U.S. Financial Institutions: North Korea Sanctions Regulations section 510.214”. This serves to remind non-US subsidiaries of US financial institutions of the recent amendments to the North Korea Sanctions and Policy Enhancement …
North Korea
South Korean NGO granted North Korea sanctions exemption
The UN Security Council 1718 Sanctions Committee (DPRK) has granted an exemption from UN sanctions to Greentree International, a South Korean NGO, for 6 months. The exemption allows the NGO to import items required to carry out a project entitled “the Agricultural Rehabilitation Project for physical-psychological development and recovery of people with disabilities”. Items to install a greenhouse, including seeds, …
2019/2020 UN Panel of Experts N Korea sanctions report
The Panel of Experts assigned to the UN Security Council’s DPRK Sanctions Committee has finalised its 2019/2020 annual report. The main points include: Reports that N Korea has expanded its illicit imports of refined petroleum products in violation of UNSC resolutions through ship-to-ship transfers with Chinese vessels and direct deliveries with foreign-flagged vessels. US imagery and data suggest that the …
OFAC DPRK cyber-attacks advisory – secondary sanctions & access to records
OFAC has issued an advisory on the threat of cyber-attacks posed by North Korea, which provides recommended steps to mitigate the threat. It states that any people/entities engaging in/supporting N Korea cyber-related activity may become subject to sanctions, and that the US Treasury or Attorney General may subpoena a foreign financial institution that maintains a correspondent bank account in the …
OFAC fact sheet on humanitarian assistance to designated countries
OFAC has published a fact sheet to highlight the most relevant exemptions, exceptions, and authorisations for humanitarian assistance and trade, with a particular focus on Covid-19-related humanitarian and PPE supplies, under the Iran, Venezuela, North Korea, Syria, Cuba, and Ukraine/Russia-related? sanctions programs. Among other international actors, the UN and EU have recently called for the US to clarify its humanitarian aid sanctions exemptions (see post and post), …
Russia
Iran
Venezuela
SyriaCurrent Sanctions
Consolidated
Council Regulation (EU) 2017/1509
Parent Regulation
Council Regulation (EU) 2017/1509
Amended by:
Council Regulation (EU) 2017/1548
Council Implementing Regulation (EU) 2017/1568
Council Regulation (EU) 2017/1836
Council Regulation (EU) 2017/1858
Council Implementing Regulation (EU) 2017/1859
Council Implementing Regulation (EU) 2017/1897
Council Regulation (EU) 2017/2062
Council Implementing Regulation (EU) 2018/12
Council Implementing Regulation (EU) 2018/53
Council Implementing Regulation (EU) 2018/87
Council Regulation (EU) 2018/285
Council Implementing Regulation (EU) 2018/324
Council Implementing Regulation (EU) 2018/548
Council Implementing Regulation (EU) 2018/602
Council Implementing Regulation (EU) 2018/714
Council Implementing Regulation (EU) 2018/814
Council Implementing Regulation (EU) 2018/1009
Council Implementing Regulation (EU) 2018/1074
Council Implementing Regulation (EU) 2018/1231
Council Implementing Regulation (EU) 2018/1284
Council Implementing Regulation (EU) 2018/1606
Council Implementing Regulation (EU) 2018/1654
Council Implementing Regulation (EU) 2019/93
Commission Implementing Regulation (EU) 2019/1083
Consolidated
Council Decision (CFSP) 2016/849
Parent Decision
Council Decision (CFSP) 2016/849
Amended by: