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

In 2006 the United Nations imposed restrictions on a range of goods from entering or leaving the North Korea and imposed a travel ban and an asset freeze against those persons designated as persons who engage in or provide support for, including through other illicit means, North Korea’s nuclear-related, other weapons of mass destruction-related and ballistic missile-related programmes.

Current EU regulations

• 26.03.2013 – Council Regulation (EU) No 296/2013

• 20.12.2011 Commission Implementing Regulation (EU) No 1355/2011 Amended Annex V to Regulation 329/2007.

• 22.12.2010 Commission Regulation (EU) No 1251/2010 Amended Annex V to Council Regulation (EC) No 329/2007

• 22.12.2009 Council Regulation (EU) No 1283/2009 Amended Council Regulation (EC) No 329/2007. Provided, amongst other matters, for the EU to identify targets (Annex V) of the measures in addition to those listed by the UN (Annex IV).

• 29.07.2009 Commission Regulation (EC) No 689/2009 Amended Annex IV to Council Regulation (EC) No 329/2007.

• 12.05.2009 Commission Regulation (EC) No 389/2009 Amended Annex IV to Council Regulation (EC) No 329/2007.

• 27.03.2007 Council Regulation (EC) No 329/2007 Implemented the measures in UNSCR 1718 (2006) including the freezing of funds and economic resources of persons designated by the United Nations Sanctions Committee or the Security Council.

Current UK regulations

• 27.04.2011 The Democratic People’s Republic of Korea (Asset-Freezing) Regulations 2011 (SI 2011/1094)

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