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 2018/324 (“the Amending Regulation”).
The Amending Regulation amended Annex XIII to Council Regulation (EU) 2017/1509 and reflects the UN Security Council resolution adopted on the 15 February 2018 to amend 1 entity on the UN North Korea (Democratic People’s Republic of Korea) list.
AMENDMENTS
Deleted information appears in Square Brackets [ ]. Additional information appears in italics.
Individual
YONG Ri Su
DOB: 25/06/1969
Passport Details: Passport no.: 654310175
Nationality: DPRK
[Address: Cuba]
Other Information: UN Ref KPi.052. Annex XIII EU Listing. Official for Korea Ryonbong General Corporation, specializes in acquisition for Democratic People’s Republic of Korea’s defence industries and support to Pyongyang’s military-related sales. Its procurements also probably support the Democratic People’s Republic of Korea’s chemical weapons programme. Served as Korea Ryonbong General Corporation representative in Cuba.
Listed on: 05/06/2017 Last Updated: 05/03/2018
Group ID: 13482
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 and 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 individuals entities 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.
