March 28, 2024
News

OFAC sanctions Chinese companies, N. Korean shipping

U.S. Treasury also designated a company involved in the DPRK's use of labor abroad

The U.S. Department of the Treasury on Tuesday issued new sanctions targeting North Korea's foreign trading partners in China, the North's shipping industry and a company involved in facilitating DPRK laborers overseas.

Treasury's Office of Foreign Assets Control (OFAC) added one individual, 13 companies, and 20 vessels to its list of designations under Executive Orders 13810 and 13722 - which target the North's transport sector and its exportation of foreign workers.

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