US REPRESENTATIVES PUSH FOR MORE SANCTIONS AGAINST NORTH KOREA

On 5 February 2015, bipartisan leaders of the House Foreign Affairs Committee, Republican Ed Royce and Democrat Eliot Engel, introduced a bill in the House of Representatives intended to broaden sanctions against North Korea.  This follows an expansion in January of US sanctions against the state by executive order, as we previously reported on this blog.

The legislation would impose tougher punishments on foreign companies that do business with North Korea or have ties to its illicit activity, such as its nuclear program.  It would also target banks facilitating North Korean financial crime and human rights abuses and those who have assisted in cyber-attacks against the US.

If passed, the bill would authorise US officials to freeze US held assets belonging to any entities found responsible.

A similar bill is expected in the Senate and it is reported that both are likely to enjoy significant bipartisan support.

Speaking on 5 February 2015, Royce stated that the bill “presses the Administration to use all available tools to impose sanctions against North Korea and on countries and companies that assist North Korea in bolstering its nuclear weapons programme”.

This entry was posted in North Korea by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

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