• Section 1. (a) All property and interests in property that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of any United States person of the following persons are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in: any person determined by the Secretary of the Treasury, in consultation with the Secretary of State:
(i) to be an agency, instrumentality, or controlled entity of the Government of North Korea or the Workers’ Party of Korea;
(ii) to be an official of the Government of North Korea;
(iii) to be an official of the Workers’ Party of Korea;
(iv) to have materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, the Government of North Korea or any person whose property and interests in property are blocked pursuant to this order;
• Determination Pursuant to Subsection 2(a)(i) of the Executive Order of March 16, 2016
Section 2(a) of the Executive Order of March 16, 2016, "Blocking Property of the Government ofNorth Korea and the Workers' Party of Korea, and Prohibiting Certain Transactions With Respect to North Korea" (the Order), imposes economic sanctions on any person determined by the Secretary of the Treasury, in consultation with the Secretary of State, to operate in any industry in the North Korean economy as may be determined, pursuant to subsection 2(a)(i) of the Order, by the Secretary of the Treasury, in consultation with the Secretary of State, to be subject to that subsection.
To further address the extraordinary threat to the national security, foreign policy, and economy of the United States described in the Order, and in consultation with the Secretary of State, I hereby determine that the transportation, mining, energy, and financial services industries in the North Korean economy shallbe subject to subsection 2(a)(i) of the Order. Any personaI or my designee subsequently determine, in consultation with the Secretary of State, operates in any of these industries in the Nmth Korean economy shall be subject to sanctions pursuant to subsection 2(a)(i).
Executive Order 13687 of January 2, 2015 Imposing Additional Sanctions With Respect To North Korea
Regime
OFAC country specific / UN
Target State
Democratic People's Republic of Korea
Official Information
On January 2, 2015, the President issued E.O. 13687 pursuant to, inter alia, IEEPA and the NEA, to take additional steps to address the national emergency declared in E.O. 13466 and expanded in E.O. 13551. E.O. 13687 provides for the blocking of property and interests in property of certain persons with respect to North Korea.
