OFAC targets supporters of North Korean weapons proliferation

OFAC has designated 4 people and 1 entity said to have connections with the North Korean government and its weapons proliferation efforts.  In its press release, the US Treasury states that the new designations are designed to counter North Korea’s attempts to circumvent US and UN sanctions. Acting Under Secretary for Terrorism and Financial Intelligence, Adam Szubin stated that the designations “underscore our ongoing efforts to obstruct the flow of funds used to augment North Korea’s nuclear capabilities”.

The newly designated persons are:

  1. Kim Sok Chol – North Korean ambassador to Burma, said to operate as a facilitator for Korea Mining Development Trading Corporation (KOMID), an entity designated by the US and UN
  2. Ri Chong Chol – An official at KOMID
  3. Kim Kwand Hyok – An official at KOMID who works with Kim Sok Chol and Ri Chong Chol
  4. Hwang Su Man – Said to have materially assisted and provided support to KOMID
  1. EKO Development and Investment Company – Owned or controlled by Hwang Su Man and said to provide material assistance to KOMID

OFAC has also listed Maghomed Abdurakhmanov as a Specially Designated Global Terrorist, and de-listed Humayd Abd-Al-Salam from its Libya sanctions list.

This entry was posted in North Korea, USA 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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