U.S. President Obama on Thursday signed new legislation which will impose a new set of sanctions on North Korea, in the wake of a recent nuclear test and satellite launch.

The newly passed H.R. 757 North Korea Sanctions Enforcement Act consists of 25 sections covering new and updated sanctions targeted at North Korea’s financial and proliferation networks, the provision of luxury goods, human rights violations and the threat North Korea poses to cyber-security.

“Targeted sanctions aimed at banks and companies that do business with Kim Jong Un will cut off the cash he needs to sustain his illicit weapons programs,