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Financial Sanctions: Democratic People’s Republic of Korea (North Korea)

Wednesday, 18 January 2017

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 18 January 2017, following the publication of Commission Implementing Regulation (EU) No 2017/80.

One entry has been amended and is still subject to an asset freeze.

Amendment (Deleted information appears in square brackets [ ].



Address: (1) Dongheung-dong Changgwang Street, Chung-Ku, Pyongyang, DPRK, PO Box 125. (2) Donghung Dong, Central District, Pyongyang, DPRK, PO Box 120.

Other Information: Annex IV. UN listing. Ocean Maritime Management Company, Limited is the operator/manager of the following vessels with IMO Number:

(a) Chol Ryong (Ryong Gun Bong) 8606173, (b) Chong Bong (Greenlight) (Blue Nouvelle) 8909575, (c) Chong Rim 2 8916293, (d) [Dawnlight 9110236] (e) [Ever Bright 88](J Star) 8914934, (f) [Gold Star 3 (benevolence 2) 8405402], (g) Hoe Ryong 9041552, (h) Hu Chang (O Un Chong Nyon) 8330815, (i) Hui Chon (Hwang Gum San 2) 8405270, (j) Ji Hye San (Hyok Sin 2) 8018900, (k) Kang Gye (Pi Ryu Gang) 8829593, (l) Mi Rim 8713471, (m) Mi Rim 2 9361407, (n) Rang (Po Thong Gang) 8829555, (o) [Orion Star (Richocean) 9333589], (p) Ra Nam 2 8625545, (q) Ra Nam 3 9314650, (r) Ryo Myong 8987333, (s) Ryong Rim (Jon Jin 2) 8018912, (t) Se Pho (Rak Won 2) 8819017, (u) Songjin (Jang Ja San Chong Nyon Ho) 8133530, (v) South Hill 2 8412467, (w) [South Hill 5 9138680], (x) Tan Chon (Ryon Gang 2) 7640378, (y) Thae Pyong San (Petrel 1) 9009085, (z) Tong Hung San (Chong Chon Gang) 7937317, (aa) Tong Hung 8661575.

Listed on: 16/10/2014 Last Updated: 15/04/2016 Group ID: 13143.

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 entity.  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. Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated entity they are not required to report these details again.

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.

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