The EU has adopted today new measures against DPRK, under Council Regulation (EU) 2017/1858, which expand the ban on EU investment in and with the DPRK to all sectors, decreases the amount of personal remittances that can be sent to the DPRK from €15,000 to €5,000, and imposes a prohibition on oil exports to the DPRK. The Council has also adopted Council Implementing Regulation (EU) 2017/1859, which adds 3 persons and 6 entities to the list of those subject to an asset freeze and travel restriction (for that list, see Annexes XV and XVI of Council Regulation (EU) 2017/1509).
These new measures add to those adopted by the EU on 10 October, which implemented the sectoral sanctions imposed by the UN Security Council resolution 2375 (2017) (for the previous blog, click here).
The UK Office of Financial Sanctions Implementation (OFSI) has renewed the designations of 2 entities under the Terrorist Asset-Freezing etc. Act 2010. For the OFSI Notice, click here.
Pacific Aerospace Ltd, an aircraft manufacturing company based in Hamilton, New Zealand, has pleaded guilty in a New Zealand court to indirectly exporting aircraft parts to North Korea and is expected to be sentenced in January. Charges had been brought against the company by the New Zealand Customs Service in August 2017, see here.
The UK’s Office of Financial Sanctions Implementation (OFSI) has issued a reminder that all persons who hold or control funds or economic resources belonging to, owned, held, or controlled by a designated person, must submit a report to OFSI with the details of those assets by Friday 13 October 2017.
The report should include details of all funds or economic resources frozen in the UK at close of business on 29 September 2017, as well as those held overseas where they are subject to UK sanctions.
All completed reports should be emailed to firstname.lastname@example.org using the template found here. For more information, see the OFSI Notice here.
The EU, in adopting Council Regulation (EU) 2017/1836, has strengthened its restrictive measures against the DPRK by transposing the sectoral sanctions imposed by UN Security Council resolution 2375 (2017). That resolution was adopted on 11 September 2017 in response to the DPRK’s ongoing nuclear weapons and ballistic missiles-development activities, in violation of previous UN Security Council resolutions.
The measures introduced by UNSC resolution 2375 (2017) include a ban on the sale of natural gas liquids to the DPRK, and on the importation of its textiles. The new measures also include limitations on the sale of refined petroleum products and crude oil to the DPRK. In addition, member states shall not be permitted to provide new work authorisations to DPRK nationals to enter and work in their territory. The exemptions provided by the UN Security Council for humanitarian and livelihood purposes have also been transposed.
Further, as agreed by EU foreign ministers in Tallinn on 7 September, the Council is currently working on possible additional EU autonomous measures to complement and reinforce the UN Security Council sanctions.
For the Council’s full press release, click here.
On 8 October, the US announced that it had suspended the processing of all non-immigrant visa applications in Turkey due to “recent events”, which appears to be linked to the arrest last week of a US embassy employee in Istanbul. Turkey responded the following day with a matching statement, suspending the processing of all non-immigrant visa applications in its embassy and consulate in the US.
On 6 October, the US decided to revoke long-standing economic sanctions against Sudan, in recognition of its progress towards maintaining a cessation of hostilities in Sudanese conflict areas, improving humanitarian access throughout Sudan, and maintaining cooperation with the US on addressing regional conflicts and the threat of terrorism. Although not a condition for revoking the sanctions, the US also secured a commitment from Sudan not to pursue arms deals with North Korea. The revocation is set to take effect on 12 October 2017.
Sudan, however, will continue to remain on the US list of State Sponsors of Terrorism – alongside Iran and Syria – which carries, among other things, a ban on weapon sales and restrictions on US foreign assistance.
The US State Department has issued a press statement and a report with respect to this revocation of sanctions. OFAC has also published frequently asked questions, as well as a new general licence authorising certain transactions.
The UK’s Office of Financial Sanctions Implementation (OFSI) has published a quick guide to assist with the understanding of and compliance with financial sanctions. Among other things, the guide covers:
- What are financial sanctions and why they exist
- When and how to comply with financial sanctions
- Where to find further information and guidance
For the quick guide, click here.