Blocking Property of Certain Persons With Respect to North Korea
Blocks Property of North Korea-Linked Individuals and Their Networks
What it does
Agencies must block and freeze property of listed persons and those supporting North Korea's illicit activities.
Real-world impact
- Freezes assets in the United States of listed persons and entities.
- Prohibits U.S. persons from providing funds, goods, or services to blocked individuals.
- Expands sanctions to people aiding arms, luxury goods, or illicit trade for North Korea.
Topics
Summary
This order blocks and freezes property in the United States of people and groups listed in the Annex and others who support North Korea’s weapons programs, luxury imports, or illegal financial activities. It prohibits Americans and anyone in the United States from providing funds, goods, or services to those blocked and bans transactions meant to evade these measures.
The order directs the Treasury Secretary, working with the Secretary of State, and all federal agencies to enforce the blocks to address North Korea’s recent hostile acts and illicit international activities.
Questions, answered
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