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

Friday, 20 April 2018

This news release is issued in respect of the restrictive measures directed against the Democratic People's Republic of Korea.

Council Regulation (EU) 2017/1509 has been amended following the publication in the Official Journal of the European Union of Council Implementing Regulation (EU) No 2018/602 ('the Amending Regulation').

The Amending Regulation amended Annex XV to Council Regulation (EU) 2017/1509 with effect from 20 April 2018.

ADDITIONS

Individuals

DJANG Tcheul Hy

DOB: 11/05/1950.

POB: Kangwon

Other Information: Annex XV. EU listing. Not UN. DJANG Tcheul Hy has been involved together with her husband KIM Yong Nam, her son KIM Su Gwang and her daughter-in-law KIM Kyong Hui in a pattern of deceptive financial practices which could contribute to the DPRK's nuclear-related, ballistic-missile-related or other weapons of mass destruction-related programmes. She was the owner of several bank accounts in the Union which were opened by her son KIM Su Gwang in her name. She was also involved in several bank transfers from accounts from her daughter-in-law KIM Kyong Hui to bank accounts outside the Union.

Listed on: 20/04/2018 Last Updated: 20/04/2018 Group ID: 13663.

KIM Kyong Hui

DOB: 06/05/1981.

POB: Pyongyang, DPRK

Other Information: Annex XV. EU listing. Not UN. KIM Kyong Hui has been involved together with her husband KIM Su Gwang, her father-in-law KIM Yong Nam and her mother-in-law DJANG Tcheul Hy in a pattern of deceptive financial practices which could contribute to the DPRK's nuclear-related, ballistic-missile-related or other weapons of mass destruction-related programmes. She received several bank transfers from her husband KIM Su Gwang and fatherin-law KIM Yong Nam, and transferred money to accounts outside the Union in her name or the name of her motherin-law, DJANG Tcheul Hy.

Listed on: 20/04/2018 Last Updated: 20/04/2018 Group ID: 13665.

KIM Su Gwang

DOB: 18/08/1976.

POB: Pyongyang, DPRK

a.k.a: (1) KIM, Son-Kwang (2) KIM, Sou-Gwang (3) KIM, Soukwang (4) KIM, Sou-Kwang (5) KIM, Su-Kwang Position: Diplomat, DPRK Embassy, Belarus

Other Information: Annex XV. EU listing. Not UN. KIM Su Gwang has been identified by the Panel of Experts as an agent of the Reconnaissance General Bureau, an entity which has been designated by the United Nations. He and his father KIM Yong Nam have been identified by the Panel of Experts as engaging in a pattern of deceptive financial practices which could contribute to the DPRK's nuclear-related, ballistic-missile-related or other weapons of mass destruction-related programmes. KIM Su Gwang has opened multiple bank accounts in several Member States, including under family members' names. He has been involved in various large bank transfers to bank accounts in the Union or to accounts outside the Union while working as a diplomat, including to accounts in the name of his spouse KIM Kyong Hui.

Listed on: 20/04/2018 Last Updated: 20/04/2018 Group ID: 13664.

KIM Yong Nam

DOB: 02/12/1947.

POB: Sinuju, DPRK

a.k.a: (1) KIM, Yong-Nam (2) KIM, Young-Gon (3) KIM, Young-Nam

Other Information: Annex XV. EU listing. Not UN. KIM Yong Nam has been identified by the Panel of Experts as an agent of the Reconnaissance General Bureau, an entity which has been designated by the United Nations. He and his son KIM Su Gwang have been identified by the Panel of Experts as engaging in a pattern of deceptive financial practices which could contribute to the DPRK's nuclear-related, ballistic-missile-related or other weapons of mass destruction-related programmes. KIM Yong Nam has opened various current and savings accounts in the Union and has been involved in various large bank transfers to bank accounts in the Union or to accounts outside the Union while working as a diplomat, including to accounts in the name of his son KIM Su Gwang and daughter-in-law KIM Kyong Hui.

Listed on: 20/04/2018 Last Updated: 20/04/2018 Group ID: 13662.

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 FIU.

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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