OFAC has listed as Specially Designated Nationals Senat Shipping Company and its President, Leonard Lai, for providing material support to Ocean Maritime Management Company (OMMC), a North Korean shipping company that OFAC has previously designated for attempting to conceal shipments of arms and related material into the DPRK. It has also listed the vessel “Dawnlight” as blocked property of Senat. Acting Under Secretary for Terrorism and Financial Intelligence Adam Szubin stated in the Treasury’s press release that “Arms shipments transported by OMMC serve as a key resource for North Korea’s ongoing proliferation activities. Sales from these shipments contribute to North Korea’s other illicit programs”.
In addition, OFAC has updated the existing entries of OMMC and two officials at Tanchon Commercial Bank, an entity said to be the primary financial facilitator of North Korea’s ballistic missile program. The updates add aliases for the listed persons, reflecting the use of front companies and alternative names to evade sanctions.