ARTICLE
22 November 2018

OFAC Issues New Designations Related To North Korea And Libya

CW
Cadwalader, Wickersham & Taft LLP

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Pursuant to Executive Order ("EO") 13722, the U.S. Treasury Office of Foreign Assets Control ("OFAC") designated a South African national for his role in helping North Korea acquire oil.
United States Energy and Natural Resources

Pursuant to Executive Order ("EO") 13722, the U.S. Treasury Office of Foreign Assets Control ("OFAC") designated a South African national for his role in helping North Korea acquire oil. OFAC stated that as part of its "commitment to the final, fully verified denuclearization of North Korea, Treasury will continue to enforce and implement sanctions against any actor that seeks to aid the regime's deceptive practices."

Separately, pursuant to EO 13726, OFAC designated a Libyan militia leader for initiating violence in Libya's capital, Tripoli.

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