Latest Treasury sanctions on North Korea

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The Treasury Department on Thursday issued new sanctions on seven individuals and three entities connected to the North Korean regime in conjunction with a new report from the State Department on human rights abuses within the hermit kingdom.

The sanctions were issued by the Office of Foreign Assets Control, and they freeze any property or interest in property within U.S. jurisdiction and generally prohibit any transactions by U.S. citizens with any of the sanctioned individuals or groups. Among the sanctioned entities are the Government of North Korea and the Workers’ Party of Korea.

 “North Korea is run by a brutal regime that continues to engage in serious human rights abuses. We are especially concerned with the North Korean military, which operates as secret police, punishing all forms of dissent. Further, the military operates outside of North Korea to hunt down asylum seekers, and brutally detains and forcibly returns North Korean citizens,” said Treasury Secretary Steven Mnuchin.

“Today’s sanctions target the North Korean military and regime officials engaged in flagrant abuses of human rights. We also are targeting North Korean financial facilitators who attempt to keep the regime afloat with foreign currency earned through forced labor operations.”

[CNBC]

This entry was posted in , , , by Grant Montgomery.

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