THE JOURNAL OF EXPORT CONTROLS AND SANCTIONS

NEWS

North Korea still evading sanctions, says UN report

February, 2019

‘The country continues to defy Security Council resolutions,’ say sanctions monitors.

North Korea still evading sanctions, says UN report

‘Global banks and insurance companies continue to unwittingly facilitate payments and provide coverage for vessels in ever-larger, multi-million-dollar, illegal ship-to-ship transfers of petroleum products.’ Banks, including US and Singaporean banks, are involved in facilitating DPRK fuel payments.

This is according to a summary of an as-yet-unpublished report from UN Security Council monitors on North Korean sanctions and compliance, according to news agency reporting.

The report also says that the North Korean regime is taking steps to ensure that its nuclear missile capability is safe from military attack, by dispersing elements of the programme across the country.

‘The country continues to defy Security Council resolutions through a massive increase in illegal ship-to-ship transfers of petroleum products and coal,’ the sanctions monitors are reported to have found. They say the scale of violations is such that it renders latest UN sanctions ‘ineffective’.

President Trump is due to meet with Kim Jong-un in Vietnam between February 27-28.

 

Find an Export Controls Expert
SIGN UP FOR WORLDECR ALERTS

SUBSCRIBE NOW TO RECEIVE

  • Regular updates on developments in global trade controls and sanctions
  • Expert advice on preparing your business for changing regulations
  • Informed insight into trade control policy
  • Advice on the impact of U.S. trade controls on non U.S. business
  • International enforcement news and penalties


Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.