SANCTIONS RELATED TO PROLIFERATION OF WEAPONS OF MASS DESTRUCTION (WMD)

 

 

United Nations (Sanctions in relation to Democratic People’s Republic of Korea) Regulations of 2017

 

United Nations (Sanctions in relation to Democratic People’s Republic of Korea) Regulations of 2017 issued by the Minister of Foreign Affairs promulgating the United Nations Security Council Resolution 1718 (2006), 1874 (2009), 2087 (2013), 2094 (2013), 2270 (2016), 2321 (2016) and successive Resolutions imposing certain measures on DPRK.

 

These measures include but are not limited to:

 

  •  a nuclear, ballistic missiles and other weapons of mass destruction programs-related embargo;
  •  a ban on the export of luxury goods to the DPRK;
  •  individual targeted sanctions – namely, a travel ban and/or an assets freeze on designated persons, as well as on any individuals or entities acting on behalf of such designated persons;
  •  a ban on the provision of financial services or the transfer of financial or other assets, including bulk cash and gold, the opening of banking subsidiaries, the provision of public financial support, new commitments for grants, and financial assistance or concessional loans, that could contribute to prohibited programs or activities, or to the evasion of sanctions;
  •  prohibition of public and private financial support for trade with the DPRK, including granting of export credits, guarantees or insurance to their nationals, or entities involved in such trade; and
  •  prohibition from owning, leasing, operating, or providing vessel classification, certification or associated service and insurance, to any DPRK-flagged, owned, controlled or operated vessel.
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    United Nations (Sanctions in relation to Democratic People’s Republic of Korea) Regulations of 2017, the Secretary to the Ministry of Defense has been appointed as the Competent Authority for the implementation of UNSCR 1718 and its successor resolutions in Sri Lanka.

     

    Regulation

     

    United Nations (Sanctions in relation to Democratic People’s Republic of Korea) Regulations of 2017

     

    Lists of Designated Items, Persons, and Entities

     

    Lists of designated persons, entities and items under Regulation 4 (2) of the United Nations (Sanctions in relation to Democratic People’s Republic of Korea) Regulations of 2017

     

    The updated list of designated individuals and entities under the United Nations Security Council Resolutions (UNSCRs) 1718 and its successor Resolutions can be found at the following links at the UNSC website:

     

    Link to latest updated list

     

    Order under regulation 19(1) of the United Nations (Sanctions in relation to Democratic People's Republic of Korea) Regulations of 2017

     

    Freezing is effective as and when the United Nations Security Council announces the names of such designated persons and entities and such freezing shall be in force until such time the person or entity is delisted from the designated list.

     

    Previous Notifications by the FIU

     

    Other Instructions

     

    Directives/Circulars/Guidelines by FIU/ Competent Authority