October 20, 2021

OFAC designates two Chinese companies for North Korea trade

U.S. Treasury and Coast Guard also update advisory on the DPRK's illicit maritime practices

The U.S. on Thursday sanctioned two Chinese shipping companies for helping North Korea evade sanctions, the first DPRK related designations since December last year.

The Department of Treasury's Office of Foreign Assets Control (OFAC) and the U.S. Coast Guard also updated an advisory on North Korea's deceptive shipping practices.