111 North Bridge Road, #08-18, Peninsula Plaza, 179098, Singapore; Peninsular Plaza, 111 North Bridge Road, #08-11, 179098, Singapore

201836948N, Identification Number

Deepak Jadhav is an India based director of Funsaga Pte Ltd. and has entered a contract with SEK to produce an animation project, while providing payments to Quanzhou Yiyangjin Import and Export Trade Co., Ltd. and Yancheng Three Line One Point Animation Co., Ltd. A SEK official indicated that Deepak Jadhav sent over $15,000 to Quanzhou Yiyangjin Import and Export Trade Co., Ltd. and Funsaga Pte. Ltd. sent more than $50,000 to SEK, with part of the funds being transferred to Tian Fang (Hong Kong) Holdings Ltd. Kinoatis LLC has sent over $100,000 to Fujian Nanan Import and Export Corporation, which acted as an affiliate for SEK, to pay for an animation project. Deepak Jadhav, Funsaga Pte Ltd., and Kinoatis LLC are being designated pursuant to E.O. 13722 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, SEK.

https://home.treasury.gov/news/press-releases/jy1155

2022-12-09

US

Executive Order 13722 of March 15, 2016 Blocking Property of the Government of North Korea and the Workers’ Party of Korea, and Prohibiting Certain Transactions With Respect to North Korea

OFAC country specific / UN

Democratic People's Republic of Korea

Blocking Property, Suspending Entry, Trade sanctions

• https://ofac.treasury.gov/faqs/topic/1556 460. Can U.S. persons do business with entities in North Korea? No. Unless authorized pursuant to a general or specific license from OFAC and/or BIS, Executive Order (E.O.) 13722 prohibits new investment in North Korea by a U.S. person and the exportation or reexportation, from the United States, or by a U.S. person, of any goods, services, or technology to North Korea. E.O. 13810 (“Imposing Additional Sanctions with Respect to North Korea”) does not modify any of those prohibitions.

On March 15, 2016, the President issued E.O. 13722 pursuant to, inter alia, IEEPA, the NEA, the UNPA, and the North Korea Sanctions and Policy Enhancement Act of 2016 (22 U.S.C. § 9201 et seq.) (the NKSPEA), to take additional steps to address the national emergency declared in E.O. 13466 and expanded in E.O. 13551, in light of further North Korean nuclear and ballistic missile tests. E.O. 13722 was issued to ensure implementation of certain provisions of UNSCR 2270 of March 2, 2016 and the NKSPEA; it strengthened export and other trade restrictions against North Korea; and imposed a comprehensive blocking of the Government of North Korea and the Workers’ Party of Korea.

SDN