Tong-ho KIM

Korea, North

Tanchon Commercial Bank representative

1969-08-18

Male

Vietnam

745310111, Passport

Business

OFAC designated Kim Tong Ho, Kim Mun Chol, Kim Nam Ung, and Choe Chun Yong pursuant to E.O. 13722.  Kim Tong Ho is the Vietnam representative for the UN- and U.S.-sanctioned Tanchon Commercial Bank, the main North Korean financial entity for weapons and missile-related sales.  Kim Mun Chol is the Korea United Development Bank representative in Dandong, China.  Kim Nam Ung and Choe Chun Yong represent Ilsim International Bank in Moscow, Russia.  Both Korea United Development Bank and Ilsim International Bank were designated by OFAC in 2016 for operating in the financial services industry in the North Korean economy.  Both are also listed at the UN, which has stated Ilsim International Bank is affiliated with the North Korean military and has a close relationship with KKBC.

US

https://home.treasury.gov/news/press-releases/sm0039

2017-03-31

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