Korea, North

1966-09-16

67 Kap 2-9-1, Sobuk 1 Tonglo, Cho'lso' District, Shenyang, China

PS927320340, Passport

Yu Pu Ung is a linchpin in the DPRK’s illicit financial activities and is skilled at employing various schemes to avoid detection. Yu Pu Ung and Ri Tong Hyok are both China-based representatives of Tanchon Bank. Tanchon Bank is the financial arm of the DPRK’s U.S.- and UN-designated Korea Mining Development Corporation (KOMID) and plays a role in financing KOMID’s sales of ballistic missiles. KOMID is the DPRK’s premiere arms dealer and main exporter of goods and equipment related to ballistic missiles and conventional weapons. Yu Pu Ung uses funds from DPRK IT groups to supply WMD-related materials to DPRK munitions organizations. Additionally, Yu Pu Ung has provided funds to a China-based representative of the UN- and U.S.-designated Second Academy of Natural Sciences (SANS). Yu Pu Ung and Ri Tong Hyok are being designated pursuant to E.O. 13382 for acting or purporting to act for or on behalf of, directly or indirectly, Tanchon Bank.

https://home.treasury.gov/news/press-releases/jy2215

2024-03-27

US

Weapons of Mass Destruction Proliferators Sanctions Regulations, 31 C.F.R. part 544

OFAC-horizontal

Non-Proliferation

Blocking Property

On April 13, 2009, OFAC issued the Weapons of Mass Destruction Proliferators Sanctions Regulations, 31 CFR part 544 (74 FR 16771, April 13, 2009) (the “Regulations”), to implement Executive Order (E.O.) 13382 of June 28, 2005, “Blocking Property of Weapons of Mass Destruction Proliferators and Their Supporters” (70 FR 38567, July 1, 2005)

SDN