OFAC Issues Broad North Korean Sanctions
The Office of Foreign Assets Control issued the "the largest North Korea-related sanctions tranche to date," the Treasury Department said in a Feb. 23 news release. The sanctions are "aimed at disrupting North Korean shipping and trading companies and vessels…
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to further isolate the regime and advance the U.S. maximum pressure campaign," it said. The action "targets one individual, 27 entities, and 28 vessels located, registered, or flagged in North Korea, China, Singapore, Taiwan, Hong Kong, Marshall Islands, Tanzania, Panama, and Comoros. " Concurrently, Treasury, the State Department and the U.S. Coast Guard issued an advisory "alerting the public to the significant sanctions risks to those continuing to enable shipments of goods to and from North Korea," the release said.