procedure

Non-proliferation Designation; North Korea Designation; Russia-related Designation Update

ID 23722

The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added two individuals to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to Executive Order 13382, Executive Order 13810, and various sanction regulations for being involved in or supportive of the North Korean missile and military program or simply for being North Korean generating income for the government of North Korea. The affected persons are the following:
CHOE, Chol Min (Chinese Simplified: 崔哲民; Korean: 최철민) (a.k.a. CHOE, Chol-min), Beijing, China; DOB 03 Apr 1978; nationality Korea, North; Gender Male; Secondary sanctions risk: North Korea Sanctions Regulations, sections 510.201 and 510.210; Transactions Prohibited For Persons Owned or Controlled By U.S. Financial Institutions: North Korea Sanctions Regulations section 510.214; Passport 108410050 (Korea, North) expires 19 Oct 2023 (individual) [NPWMD] (Linked To: SECOND ACADEMY OF NATURAL SCIENCES).
CHOE, Un Jong (a.k.a. CH’OE, U’n-cho’ng; a.k.a. CHOE, Unjong), Beijing, China; DOB 10 May 1978; nationality Korea, North; Gender Female; Secondary sanctions risk: North Korea Sanctions Regulations, sections 510.201 and 510.210; Transactions Prohibited For Persons Owned or Controlled By U.S. Financial Institutions: North Korea Sanctions Regulations section 510.214; Passport 108410051 (Korea, North) (individual) [DPRK4].
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Additionally, OFAC modified the records of an already listed entity pursuant to Executive Order 14024 regarding Russian harmful activities, which now read as follows:
GOLD MILES LIMITED, 9B Shun Pont Commercial Building, 5 Thomson Road, Wanchai, Hong Kong, China; Suite 1601 Lake Central Tower, Marasi Drive, Business Bay, PO Box 417761, Dubai, United Arab Emirates; Organization Established Date 05 May 2011; Target Type Private Company; Registration Number 1596444 (Hong Kong) [RUSSIA-EO14024] (Linked To: HANAFIN, John Desmond).
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OFAC has also published an accompanying press statement to explain the reasoning behind the above noted sanction measures.

Other Features
asset freezing
financial resources
sanctions
Ukrainian conflict
Date Published: 2023-06-15
Regulatory Framework: US Sanctions
Regulatory Type: procedure
Asset Management
procedure

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