Guidance

Financial sanctions, North Korea (Democratic People’s Republic of Korea)

North Korea is subject to financial sanctions imposed by the United Nations. This page contains the current list of designated persons and information on relevant regulations.

Documents

Details

UN regulations

On 14 October 2006 the United Nations imposed restrictions on a range of goods entering or leaving North Korea (Democratic People’s Republic of Korea).

Alongside this, the UN also imposed a travel ban and an asset freeze against those who, through any means, engage in or provide support for North Korea’s nuclear-related, other weapons of mass destruction-related and ballistic missile-related programmes.

On 2 March 2016 the UN Security Council adopted Resolution 2270 (2016) imposing new sanctions against North Korea.

EU regulations

You can view the consolidated version of Council Regulation 2017/1509 concerning restrictive measures against North Korea.

You can also view OFSI’s guidance on Article 5a and 5c of Council Regulation (EC) 2017/1509.

You can find the most recent amendments to the Regulation by searching on EUR-Lex – an online database that provides free access to EU law, international agreements and other public documents. Just:

  • enter the Regulation number into the search bar
  • open the relevant page
  • click ‘document information’.

UK regulations

Published 23 April 2013
Last updated 15 January 2018 + full page history
  1. Updated with latest HM Treasury notice 15/01/2018, North Korea (Democratic People’s Republic of Korea) (Reg 2018/53)
  2. Updated with latest HM Treasury notice, 09/01/2018, North Korea (Democratic People’s Republic of Korea) (Reg 2018/12)
  3. Updated with latest HM Treasury Notice, 03/01/2018, North Korea (Democratic People’s Republic of Korea)
  4. Updated with latest HM Treasury notice, 27/12/2017, North Korea (Democratic People’s Republic of Korea)
  5. Updated link to Council Regulation
  6. Updated with latest HM Treasury notice, 19/10/2017, North Korea (Democratic People’s Republic of Korea) (Reg 2017/1897)
  7. Updated with latest HM Treasury notice, 17/10/2017, North Korea (Democratic People’s Republic of Korea) (Reg 2017/1859)
  8. Updated with latest HM Treasury notice 29/09/2017, North Korea (Democratic People’s Republic of Korea) and updated UK and EU regulations information.
  9. Updated with latest HM Treasury notice 18/09/2017, North Korea (Democratic People’s Republic of Korea), (Reg 2017/1568)
  10. Updated with latest HM Treasury notice 15/09/2017 North Korea (Democratic People’s Republic of Korea) (Reg 2017_1509).
  11. Updated with latest HM Treasury Notice, Democratic People’s Republic of Korea, 12/09/2017
  12. Updated with latest HM Treasury notice, 11/08/2017, DPRK (Reg 2017/1457)
  13. Updated with latest HM Treasury Notice 07/08/2017, Democratic People’s Republic of North Korea
  14. Updated with new notice 19/07/2017, Democratic People’s Republic of North Korea (Reg 2017/1330)
  15. Updated with latest HM Treasury notice 16/06/2017 Democratic People’s Republic of Korea (Reg 2017/993)
  16. Updated with latest HM Treasury Notice, 12/06/2017, Democratic People’s Republic of North Korea (Reg 2017/970)
  17. Updated with latest HM Treasury notice 05/06/2017 Democratic People’s Republic of Korea
  18. Updated with latest HM Treasury Notice, 07/04/2017, Democratic People’s Republic of North Korea (Reg 2017/661)
  19. Updated 'Current UK regulations' to include 01.03.2017 The Democratic People’s Republic of Korea (European Union Financial Sanctions) Regulations 2017 ( S.I.2017/218)
  20. Updated with Latest HM Treasury notice, 01/03/2017, Democratic People’s Republic of Korea (Reg 2017/330)
  21. Updated with: HM Treasury notice, 18/01/2017, North Korea (Reg 2017/80)
  22. Updated with: HM Treasury notice, 09/12/2016, Democratic People’s Republic of Korea (Reg 2016/2215)
  23. Page information presentation updated (how we link to EU regulations) - no new notice
  24. Updated with link to new Statutory Instrument that implements notice 2016/780 published on 09.06.2016
  25. Updated due to Notice
  26. Updated with: OFSI notice, 01/06/2016
  27. Updated with: Regulation No 2016/780 and link to regulations (S.I. 2016/578)
  28. Updated with OFSI guidance on Article 5a of Council Regulation (EC) 329/2007
  29. Updated with 03.05.2016 Council Regulation (EU) No 2016/682 Notice
  30. Updated list due to Notice - 28.04.2016 Commission Implementing Regulation (EU) No 2016/659
  31. Updated list due to Notice 2016/569
  32. Updated with latest notice and links to regulatory guidance
  33. New notice (Reg 2015/1062)
  34. Updated with latest notice Democratic People’s Republic of Korea (Reg 1059/2014)
  35. added Latest HM Treasury Notice, 17/04/2014 Democratic People’s Republic of Korea (Reg 386/2014)
  36. removed 27.04.2011 The Democratic People’s Republic of Korea (Asset-Freezing) Regulations 2011 (SI 2011/1094)
  37. added 16.08.2013 The Democratic People’s Republic of Korea (European Union Financial Sanctions) Regulations 2013 (S.I. 2013/1877)
  38. added Latest HM Treasury Notice, 24.07.2013 Democratic People’s Republic of Korea (Reg 696/2013)
  39. First published.