Last Updated: December 11, 2024
Daedong Credit Bank
Aliases
Taedong Credit Bank; DCB; Dae-Dong Credit Bank
Address
["Botonggang Hotel, Ansan-dong, Pongchon, Pyongyang, Korea, Democratic People's Republic of" "Suite 401, Potonggang Hotel, Ansan-Dong, Pyongchon District, Pyongyang, Korea, Democratic People's Republic of"]
Reg. ID
DCBK KPPY (swiftbic-SWIFT BIC)
Linked to
https://eur-lex.europa.eu/legal-content/en/TXT/PDF/?uri=CELEX:32022R1503
Other Information
Daedong Credit Bank (DCB) has provided financial services to the Korea Mining Development Trading Corporation (KOMID) and Tanchon Commercial Bank (TCB). Since at least 2007, DCB has facilitated hundreds of financial transactions worth millions of dollars on behalf of KOMID and TCB. In some cases, DCB has knowingly facilitated transactions by using ...
Date of listing
2022-09-12
Program information
Authority
EU
Program
Restrictive measures in relation to the non-proliferation of the weapons of mass destruction
Regime
UN, EU country specific
Target State
Democratic People's Republic of Korea
Measures
Asset freeze and prohibition to make funds available, Restrictions on admission
Sanctions Portfolio
- All assets of the listed persons and entities should be frozen. It is also prohibited to make any funds or assets directly or indirectly available to them. - Member States shall enforce travel restrictions on persons listed in Annex I, II and III of Council Decision (CFSP) 2016/849. Member States shall also expel: (1) DPRK nationals who they dete...
Official Information
The ongoing nuclear and ballistic missile-related activities of the DPRK represent a serious threat to international peace and security. These activities undermine the global non-proliferation and disarmament regime of which the EU has been a steadfast supporter for decades. In this context, the EU has implemented the restrictive measures imposed b...
Program URL
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02016D0849-20230404