This news release is issued in respect of the restrictive measures directed against the Democratic People's Republic of Korea.
Annex IV to Council Regulation (EC) No 329/2007 have been amended with effect from 7 April 2017, following the publication of Commission Implementing Regulation (EU) No 2017/661.
Four individuals have been added to the sanctions and are now subject to an asset freeze.
RI, Myong, Su
POB: Myongchon, North Hamgyong, North Korea
Position: Vice-President and Chief of Staff
Other Information: Vice-President of the Central Military Commission of the Korean Workers' Party and Chief of Staff of the People's Armed Forces.
Listed on: 07/04/2017 Last Updated: 07/04/2017 Group ID: 13454.
SO, Hong, Chan
POB: Kangwon, North Korea
Passport Details: PD836410105 Date of expiration 27.11.2021
Position: First Vice-Minister
Other Information: First Vice-Minister of the People's Armed Forces, member of the Central Military Commission of the Korean Workers' Party and Colonel-General in the People's Armed Forces.
Listed on: 07/04/2017 Last Updated: 07/04/2017 Group ID: 13455.
WANG, Chang, Uk
Position: Minister for Industry and Atomic Energy
Listed on: 07/04/2017 Last Updated: 07/04/2017 Group ID: 13456.
POB: Pyongyang, North Korea
Passport Details: No. 563310042
Position: President of the State Academy of Sciences
Other Information: President of the State Academy of Sciences, an organisation dedicated to the development of technological and scientific capacities of DPRK.
Listed on: 07/04/2017 Last Updated: 07/04/2017 Group ID: 13457.
Financial institutions and other persons are requested to check whether they maintain any accounts or otherwise hold funds or economic resources for, or provide financial services to, the designated individuals If so, they must freeze such accounts or other funds and, unless licensed by the Treasury, refrain from dealing with said funds or economic resources, and suspend the provision of any financial services. They must also report their findings to the Sanctions Officer at the Customs and Excise Division of the Treasury.
Failure to comply with financial sanctions legislation or to seek to circumvent its provisions is a criminal offence.
Further details of the sanctions regime related to the Democratic People's Republic of Korea and links to the Consolidated List of individuals and entities subject to these and other financial sanctions may be found on the Customs and Excise pages of the Isle of Man Government website.