On Dec. 16, OFAC designated facilitators of support to DPRK, Russia.
OFAC, US Treasury designated nine individuals and seven entities that have provided financial and military support to the Democratic People’s Republic of Korea, Russia.
US State Dept sanctioned 3 targets related to the DPRK’s ballistic missile program.
Financial Facilitators Designations
Golden Triangle Bank, one of the largest financial institutions in DPRK’s Rason Special Economic Zone, used by foreigners to exchange foreign currency into local currency.
Korea Mandal Credit Bank, financial institution headquartered in Pyongyang, DPRK, facilitated procurement of supplies for entities that support the DPRK’s WMD program.
Choe Chol Ryong, representative of US-designated Korea Kwangson Banking Corporation, has been involved in bulk cash smuggling between China and the DPRK.
Kim Myong Jin, representative of US.-designated Korea Daesong Bank in Beijing, China, plays key role in facilitating Pyongyang’s illicit financial activities outside DPRK.
GTB, KMCB designated pursuant to EO 13810, operating in financial industry in DPRK.
Choe designated pursuant to EO 13382 for acting on behalf of designated entity KKBC.
Kim designated pursuant to EO 13551 for acting on behalf of Korea Daesong Bank.
Military Support Designations
Ri Chang Ho, head of DPRK Reconnaissance General Bureau (RGB), one of the DPRK generals known to be accompanying the thousands of DPRK troops deployed to Russia.
Ju Chang Il, director of the DPRK Workers’ Party of Korea’s Propaganda and Agitation Department, engages in censorship, agency responsible for newspaper and broadcast.
Kim Yong Bok is a senior general of the OFAC-designated Korean People’s Army, he is one of the DPRK generals known to be accompanying DPRK troops deployed to Russia.
Pak Jong Chon is a DPRK-based Vice-Chair of the WPK Central Military Commission, takes part in public events that are involved in the DPRK’s ballistic missile program.
Im Song Jin, a professor of physics at Kim Il Sung University, has engaged in commercial activity that generates revenue for Government of North Korea or WPK.
Kim Geum Cheol designated for being the president of Kim Il Sung Military University.
Ro Kwang Chol, current DPRK Minister of National Defense, assumed position in 2024.
Im designated pursuant to EO 13810 for being a North Korean person, engaging in commercial activity that generates revenue for Government of North Korea or the WPK
Others designated pursuant to EO 13687 for being officials of DPRK government, WPK.
Russian Petroleum Shipping Designations
Vostok Trading LLC, DV Ink LLC, and Novosibirskoblgaz LLC are Russia-based foreign trade companies that have shipped thousands of tons of oil and gas to the DPRK.
Designated pursuant to EO 13810 for engaging in oil, gas exportation to North Korea.
Sibregiongaz, AO, Russia-based parent company and owner of Novosibirskoblgaz LLC, designated pursuant to EO 14024 for operating in the Russian transportation sector.
Okryu Trading Company, DPRK-based foreign trade company, received oil shipments, designated pursuant to EO 13810 for operating in transportation industry in DPRK.
US State Dept Designations
Second Academy of Natural Sciences Foreign Affairs Bureau, a procurement entity supporting the DPRK’s defense research and design programs, US-designated MID.
Rim Ryong Nam and Kim Yon Hui, DPRK nationals involved in missile-related procurement of missile applicable items intended for use in ballistic missile program.
Designated pursuant to EO 13382 for engaging in proliferation of weapons for DPRK.
Regulators
OFAC; US State Dept; US Treasury
Entity Types
B/D; Bank; BS; Corp; IA; Ins; Inv Co; MSB
Reference
OFAC: List, 12/16/2024; US Treasury: PR, 12/16/2024; US State Dept: PR, 12/16/2024; EO 13810; EO 13382; EO 13551; EO 13687; EO 14024;
