OFAC ADDS A NUMBER OF NAMES TO ITS NORTH KOREA AND TERRORISM SANCTIONS LISTS, ALSO AMENDING MANY MORE ENTRIES

On 4th October, OFAC published a long list of new names to be added to its North Korea and terrorism sanctions lists.

7 Lebanon-based companies that are owned or controlled by Muhammad ‘Abdallah al-Amin (who is also designated) are designated – Sierra Gas S.A.L. Offshore, Lama Foods S.A.R.L., Lama Foods International Offshore S.A.L., Impulse S.A.R.L., Impulse International S.A.L. Offshore, M. Marine S.A.L. Offshore, and Thaingui S.A.L. Offshore.   He and they are listed for providing material support to Hizballah insider and financier, Adham Husayn Tabaja.

1 Turkish company (SIA Falcon International Group) and 3 individuals (2 Turkish and a North Korean national) are designated for attempts to circumvent sanctions on goods that have long been prohibited by UN Security Council Resolutions.

At the same time a large number of entities, and a number of ships, already subject to North Korean sanctions have their entries amended.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20181004.aspx

https://home.treasury.gov/news/press-releases/sm501

https://home.treasury.gov/news/press-releases/sm503

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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