By Maya Lester KC & Michael O’Kane

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.

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News

US, Japan and South Korea designate DPRK individuals and entities

The US has designated 2 individuals and 1 entity involved in generating revenue for North Korea’s development of weapons of mass destruction (WMD) and ballistic missiles (notice, press release).  This action was taken in direct response to North Korea’s attempted launch of a reconnaissance satellite into orbit on 23 August 2023.  Those designated are: Russia-based Jon Jin Yong and Sergey Mikhaylovich …

North KoreaNorth Korea

OFAC and DOJ action against Tornado Cash founders

Yesterday, OFAC designated Russian national Roman Semenov, 1 of 3 co-founders of the designated virtual currency mixer Tornado Cash, a cryptocurrency mixer that has allegedly facilitated more than $1bn in money laundering for the Lazarus Group, which, according to the US Treasury, is a North Korea state-sponsored hacking group (press release, notice). The DOJ unsealed an indictment against Roman Semenov …

North KoreaNorth Korea Cyber-AttacksCyber-Attacks

UN, UK, and US amend sanctions lists

The UN amended 9 entries on its North Korea sanctions list adding more detail to the positions of designated individuals and recording the death of some individuals.  The UK (notice) and Switzerland (notice) have implemented the UN amendments. The UK amended 1 entry on its Russia list adding 2 further entities to the Statement of Reasons to which the designated …

North KoreaNorth Korea RussiaRussia

OFAC designates entities linked to North Korea and Russia arms deals

Yesterday, OFAC designated 3 entities allegedly linked to a sanctions evasion network attempting to support arms deals between Russia and North Korea (press release, notice): Russia-based Limited Liability Company Verus; Kazakhstan-based Defense Engineering Limited Liability Partnership; and Slovakia-based Versor S.R.O.  The 3 entities are controlled by already-designated Slovakian national Ashot Mkrtychev who allegedly organised the planned arms deals between Russia …

RussiaRussia North KoreaNorth Korea

UAE-based company complies with deferred prosecution agreement

In July 2020, UAE-based tobacco industry supplier Essentra FZE agreed to pay $665,112 to settle civil liability for 3 violations of the North Korea Sanctions Regulations (previous post) and entered into a 3-year deferred prosecution agreement. Last week, prosecutors said that Essentra FZE had fully complied with the terms of the agreement, which required it to implement a new compliance …

North KoreaNorth Korea United Arab EmiratesUnited Arab Emirates

Current Sanctions

EU UK

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

Council Implementing Regulation (EU) 2020/1129

Council Implementing Regulation (EU) 2021/1300

Council Implementing Regulation (EU) 2022/659

Council Implementing Regulation (EU) 2022/1331

Council Implementing Regulation (EU) 2022/1503

Consolidated

Council Decision (CFSP) 2016/849

Parent Decision

Council Decision (CFSP) 2016/849

Amended by:

Council Decision (CFSP) 2016/1341

Council Decision (CFSP) 2016/2217

Council Decision (CFSP) 2017/82

Council Decision (CFSP) 2017/345

Council Decision (CFSP) 2017/666

Council Decision (CFSP) 2017/667

Council Implementing Decision (CFSP) 2017/975

Council Decision (CFSP) 2017/994

Council Decision (CFSP) 2017/1339

Council Implementing Decision (CFSP) 2017/1459

Council Decision (CFSP) 2017/1504

Council Decision (CFSP) 2017/1512

Council Decision (CFSP) 2017/1562

Council Implementing Decision (CFSP) 2017/1573

Council Decision (CFSP) 2017/1838

Council Decision (CFSP) 2017/1860

Council Implementing Decision (CFSP) 2017/1909

Council Implementing Decision (CFSP) 2018/16

Council Implementing Decision (CFSP) 2018/58

Council Decision (CFSP) 2018/89

Council Decision (CFSP) 2018/293

Council Implementing Decision (CFSP) 2018/331

Council Implementing Decision (CFSP) 2018/551

Council Decision (CFSP) 2018/611

Council Decision (CFSP) 2018/715

Council Implementing Decision (CFSP) 2018/819

Council Implementing Decision (CFSP) 2018/1016

Council Decision (CFSP) 2018/1087

Council Implementing Decision (CFSP) 2018/1238

Council Implementing Decision (CFSP) 2018/1289

Council Implementing Decision (CFSP) 2018/1613

Council Implementing Decision (CFSP) 2018/1657

Council Decision (CFSP) 2019/96

Council Decision (CFSP) 2020/1136

Council Decision (CFSP) 2021/1304

Council Decision (CFSP) 2022/661

Council Decision (CFSP) 2022/1336

Council Implementing Decision (CFSP) 2022/1510

Democratic People’s Republic of Korea (Sanctions) (Overseas Territories) Order (SI 2020/1561)

The United Nations and European Union Financial Sanctions (Linking) Regulations 2017 (SI 2017/748)

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