OFAC ADDS 2 ENTITIES TO SANCTIONS LISTS AND AMENDS 4 OTHERS LINKED TO USE OF NORTH KOREAN WORKERS

On 19 November, OFAC announced that entities involved in exporting and using North Korean workers have been added to the SDN List.  Involved are 2 entities, Mokran LLC, a Russian construction company, and Korea Cholsan General Trading Corporation, a North Korean company operating in Russia, for having engaged in, facilitated, or been responsible for the exportation of forced labour from North Korea, including exportation to generate revenue for the Government of North Korea or Workers’ Party of Korea.  The amended entries also relate to those who have have engaged in, facilitated, or been responsible for the export of North Korean workers, to provide additional information regarding names and locations of the enterprises. These companies have been involved in sending North Korean workers to Russia and China and operate under a variety of assumed names.

https://home.treasury.gov/news/press-releases/sm1189

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20201119

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

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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