ARTICLE
6 August 2019

OFAC Designates North Korean For Association With U.S. And UN Sanctioned Entity

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OFAC designated a North Korean national, based in Vietnam, for his association with the Workers' Party of Korea ("WPK").
United States International Law

OFAC designated a North Korean national, based in Vietnam, for his association with the Workers' Party of Korea ("WPK").

According to OFAC, Kim Su Il is an employee of the Munitions Industry Department ("MID"), which is a subordinate of the WPK. The WPK was sanctioned by both the United Nations and the United States for its involvement with North Korea's missile program.

All property and interests in property of this individual, as well as any entities that are owned 50 percent or more by him, and that are in the United States or are in the possession or control of U.S. persons, are now blocked and must be reported to OFAC. Additionally, OFAC regulations generally prohibit any dealings by U.S. persons, or within the United States, that involve these individuals, their property or interests in property.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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