On 3rd August, OFAC announced it had designated –
- Russian-registered Agrosoyuz Commercial Bank (Agrosoyuz) for knowingly conducting or facilitating a significant transaction on behalf of Han Jang Su, the Moscow-based chief representative of Foreign Trade Bank (FTB), North Korea’s primary foreign exchange bank
- Ri Jong Won, the Moscow-based deputy representative of FTB;
- Dandong Zhongsheng Industry & Trade Co., Ltd. (Zhongsheng) – an associated FTB front company; and
- Korea Ungum Corporation (Ungum) – an associated FTB front company
Both Han Jang Su and FTB were already designated by the US and by the UN Sanctions Committee established pursuant to UN SCR 1718 (2006).