On 1 September, OFAC issued a new Advisory to alert industry worldwide to North Korea’s ballistic missile procurement activities.  This advisory identifies key North Korean procurement entities and deceptive techniques employed by North Korean proliferators and procurement networks, provides an overview of US sanctions authorities related to DPRK proliferation, and lists North Korea-related sanctions enforcement resources.  It includes –

  • Key North Korean ballistic missile procurement entities;
  • North Korean procurement tactics;
  • How to minimise risk;
  • Overview of US sanctions related to North Korea’s proliferation activities;
  • Other relevant US authorities;
  • Consequences of engaging in prohibited and/or sanctionable conduct; and
  • North Korea sanctions resources –
    • fibrous material production;
    • heavy-duty truck chassis;
    • heat resistant, specialty steels, aluminium, etc;
    • bearings;
    • equipment;
    • precursor chemicals;
    • electronics; and
    • guidance, navigation, and control systems.


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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