October 4, 2018

OFAC announces additional North Korea-related designations

The Office of Foreign Assets Control of the US Department of the Treasury designated Turkish company SIA Falcon International Group, its CEO, and its General Manager in connection with allegations of dealing in arms and luxury goods with North Korea; their US assets will be blocked.  OFAC also designated an official of the North Korean embassy in Mongolia, Ri Song Un, who was hosted by SIA Falcon to negotiate trade deals in weapons and luxury goods.

OFAC Press ReleaseUpdated North Korea Designations