Resources

North Korea OFAC Sanctions

Summary

Property and interests in property that were blocked pursuant to the Foreign Assets Control Regulations as of June 16, 2000, and that remained blocked immediately prior to June 26, 2008, remain blocked pursuant to E.O. 13466. Additionally, E.O. 13551 blocks the property and interests in property of persons listed in the Annex to E.O. 13551. With certain exceptions, U.S. persons are prohibited from transferring, paying, exporting, withdrawing, or otherwise dealing in the property and interests in property of an entity or individual named in the Annex to E.O. 13351 or designated under the authority of the E.O. U.S. persons are prohibited from registering vessels in North Korea, obtaining authorization for a vessel to fly the North Korean flag, and owning, leasing, operating, or insuring any vessel flagged by North Korea. Products of North Korean origin may not be imported into the United States either directly or through third countries, without a license from the Office of Foreign Assets Control.

Recent Executive Order 13722 blocks the North Korean government and the Workers' Party of Korea, prohibits the export and re-export of goods, services, financial services, and technology to North Korea, and prohibits any new investment in North Korea. The E.O. published on March 16, 2016 also adds new designation criteria, some of which are mandatory criteria from the North Korea Sanctions and Policy Enhancement Act of 2016.

North Korea Sanctions: Proclamations

  • Proclamation 8271—Termination of the Exercise of Authorities Under the Trading With the Enemy Act With Respect to North Korea (Effective Date—June 27, 2008)

North Korea Sanctions: Executive Orders

  • 13722—Blocking Property of the Government of North Korea and the Workers' Party of Korea, and Prohibiting Certain Transactions With Respect to North Korea (Effective date—March 16, 2016)
  • 13687—Imposing Additional Sanctions with Respect to North Korea (Effective date—January 2, 2015)
  • 13570—Prohibiting Certain Transactions With Respect To North Korea (Effective date—April 18, 2011)
  • 13551 Blocking Property of Certain Persons With Respect to North Korea (Effective date—August 30, 2010)
  • 13466 Continuing Certain Restrictions With Respect to North Korea and North Korean Nationals (June 26, 2008)

North Korea Sanctions: Determinations

  • Determination Pursuant to the Executive Order of March 16, 2016 (Effective date—March 16, 2016)

North Korea Sanctions: Statutes

  • North Korean Sanctions and Policy Enhancement Act of 2016, Pub. L. 114-122, 130 Stat. 93
  • Antiterrorism and Effective Death Penalty Act of 1996 (AEDPA), 8 U.S.C. § 1189, 18 U.S.C. § 2339B
  • International Emergency Economic Powers Act (IEEPA), 50 U.S.C. §§ 1701-1706
  • National Emergencies Act (NEA), 50 U.S.C. §§ 1601-1651
  • Section 5 of the United Nations Participation Act of 1945 (UNPA), 22 U.S.C. § 287c

North Korea Sanctions: Code of Federal Regulations

  • 31 CFR Part 510 North Korea Sanctions Regulations

North Korea Sanctions: Federal Register Notices

  • 76 FR 35740-11 amending the North Korea Sanctions Regulations to implement Executive Order 13570
  • 76 FR 35739-11 removing parts 500 and 505 from 31 CFR chapter V pursuant to Proclamation 8271 of June 26, 2008
  • 75 FR 67912-10 North Korea Sanctions Regulations, 31 CFR part 510
  • 72 FR 4960-07 Foreign Assets Control Regulations—Amendment to prohibit U.S. persons from registering vessels in North Korea
  • 71 FR 17345-06 Foreign Assets Control Regulations—Amendment to limit the authorization of property transactions involving North Korea

North Korea Sanctions: United Nations Security Council Resolutions

  • 2270 (2 March 2016)
  • 2094 (7 March 2013)
  • 2087 (22 January 2013)
  • 1874 (12 June 2009)
  • 1718 (14 October 2006)

Note: This information is provided for reference only.