OFAC DESIGNATES DPRK WEAPONS REPRESENTATIVES AND REDESIGNATES TORNADO CASH

On 8 November, OFAC announced is that it had designated 2 individuals for engaging in transportation and procurement activities on behalf of the DPRK.  These individuals have acted on behalf of Air Koryo, a designated entity operating in the transportation industry in the DPRK economy.  OFAC also delisted and simultaneously redesignated Tornado Cash to take into account additional information and also includes an additional basis for the designation of Tornado Cash regarding its support for DPRK activities.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20221108

https://home.treasury.gov/news/press-releases/jy1087

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 View all posts by raytodd2017