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US Treasury Department announces additional sanctions related to North Korea

OFAC also targeted one individual and two entities for facilitating the North Korean illicit financial activity.  This action reinforces the United States’ ongoing commitments to upholding the decisions of the UN Security Council (UNSC).


US Government Press Release 03 Aug 2018, 10:19 PM United States
  • OFAC also targeted one individual and two entities for facilitating the North Korean illicit financial activity.  This action reinforces the United States’ ongoing commitments to upholding the decisions of the UN Security Council (UNSC). (Image Credit:Twitter)

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced additional sanctions related to North Korea, continuing the enforcement of existing UN and U.S. sanctions.

Today’s action targets a Russian bank for knowingly facilitating a significant transaction on behalf of an individual designated for weapons of mass destruction-related activities in connection with North Korea. 

OFAC also targeted one individual and two entities for facilitating the North Korean illicit financial activity.  This action reinforces the United States’ ongoing commitments to upholding the decisions of the UN Security Council (UNSC).

“The United States will continue to enforce UN and U.S. sanctions and shut down illicit revenue streams to North Korea.  Our sanctions will remain in place until we have achieved the final, fully-verified denuclearization of North Korea,” said Treasury Secretary Steven Mnuchin. 

As a result of today’s action, any property or interests in property of the designated persons in the possession or control of U.S. persons or within (or transiting) the United States is blocked, and U.S. persons generally are prohibited from dealing with any of the designated persons.


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