OFAC ADDS CHINESE AND NORTH KOREAN ENTITIES TO NORTH KOREA SANCTIONS LIST FOR EXPORT OF WORKERS FROM NORTH KOREA

On 14 January, OFAC announced that a Chinese entity, BEIJING SUKBAKSO of Beijing, and KOREA NAMGANG TRADING CORPORATION (aka. DPRK NAMGANG TRADING COMPANY) had been added to its sanctions lists.  The designations are said to relate to North Korea’s continued supply of illicit labour to overseas markets, something which is now banned under UN sanctions.  The Chinese entity is described as a “China-based North Korean lodging facility” that handles at least a portion of the travel and logistics for the North Korean company’s personnel working overseas.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20200114.aspx

https://home.treasury.gov/news/press-releases/sm874

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s