TGS


Guidance: Financial sanctions, North Korea (Democratic People’s Republic of Korea)

Updated: Updated with latest HM Treasury notice, 11/08/2017, DPRK (Reg 2017/1457)

UN regulations

On 14 October 2006 the United Nations imposed restrictions on a range of goods entering or leaving North Korea (Democratic People’s Republic of Korea).

Alongside this, the UN also imposed a travel ban and an asset freeze against those who, through any means, engage in or provide support for North Korea’s nuclear-related, other weapons of mass destruction-related and ballistic missile-related programmes.

On 2 March 2016 the UN Security Council adopted Resolution 2270 (2016) imposing new sanctions against North Korea.

EU regulations

You can view the consolidated version of Council Regulation 329/2007 concerning restrictive measures against North Korea.

You can also view OFSI’s guidance on Article 5a and 5c of Council Regulation (EC) 329/2007.

You can find the most recent amendments to the Regulation by searching on EUR-Lex – an online database that provides free access to EU law, international agreements and other public documents. Enter the Regulation number into the search bar, open the relevant page and click ‘document information’.

UK regulations

01.03.2017 The Democratic People’s Republic of Korea (European Union Financial Sanctions) Regulations 2017 ( S.I.2017/218)

11.06.2016 The Democratic People’s Republic of Korea (European Union Financial Sanctions) (Amendment) (No. 2) Regulations 2016 (S.I. 2016/634)

13.05.2016 The Democratic People’s Republic of Korea (European Union Financial Sanctions) (Amendment) Regulations 2016 (S.I. 2016/578)

16.11.2006 The North Korea (United Nations Measures) Order 2006 (SI 2006/2958)

https://www.gov.uk/government/publications/financial-sanctions-north-korea-democratic-peoples-republic-of-korea

seen at 18:33, 11 August in Publications on GOV.UK.
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