October 07, 2022

U.S. expands sanctions on N.Korean WMD proliferation

Sanctions broadly target officials, entities related to military &weapons development

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) updated and expanded sanctions against North Korean entities and individuals on Wednesday, in conjunction with the passing of a new UN Security Council resolution on the DPRK.

The purpose of the sanctions, according to the press release, is to “complement and help implement United Nations Security Council Resolution (UNSCR) 2270, and hold the Government of North Korea responsible for its continued illicit pursuit of nuclear and missile programs.”