OFAC sanctions North Korean banks and bank employees | NK News
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October 09, 2026Oct 09, 2026

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OFAC sanctions North Korean banks and bank employees

New measures do not include any non-North Korean individuals, entities

The U.S. Department of the Treasury issued new sanctions against North Korean individuals and entities on Tuesday, targeting numerous DPRK nationals working abroad and several of the country’s banks.

In total, eight North Korean banks and 26 individuals were designated by the Treasury’s Office of Foreign Assets Control (OFAC).

“We are targeting North Korean banks and financial facilitators acting as representatives for North Korean banks across the globe,” Treasury Secretary Steven T. Mnuchin said in an accompanying press release.

“This further advances our strategy to fully isolate North Korea in order to achieve our broader objectives of a peaceful and denuclearized Korean