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White House Applies Additional Sanctions on North Korea
March 15, 2016
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A Federal Register notice was published by the order of the White House and United States Department of State on March 15, 2016 announcing additional sanctions on North Korea, Executive Order (E.O.) 13382, issued in response to North Korea testing nuclear and ballistic missile technology in January and February 2016.

 

Excerpt from Executive Order (E.O.) 13382

Blocks, with certain exceptions, all property and interests in property that are in the United States, or that hereafter come within the United States or that are or hereafter come within the possession or control of United States persons, of:

  1. The persons listed in the Annex to the Order;
  2. Any foreign person determined by the Secretary of State, in consultation with the Secretary of the Treasury, the Attorney General, and other relevant agencies, to have engaged, or attempted to engage, in activities or transactions that have materially contributed to, or pose a risk of materially contributing to, the proliferation of weapons of mass destruction or their means of delivery (including missiles capable of delivering such weapons), including any efforts to manufacture, acquire, possess, develop, transport, transfer or use such items, by any person or foreign country of proliferation concern;
  3. Any person determined by the Secretary of the Treasury, in consultation with the Secretary of State, the Attorney General, and other relevant agencies, to have provided, or attempted to provide, financial, material, technological or other support for, or goods or services in support of, any activity or transaction described in clause (2) above or any person whose property and interests in property are blocked pursuant to the Order; and
  4. Any person determined by the Secretary of the Treasury, in consultation with the Secretary of State, the Attorney General, and other relevant agencies, to be owned or controlled by, or acting or purporting to act for or on behalf of, directly or indirectly, any person whose property and interests in property are blocked pursuant to the Order.

This E.O. expands upon the previously implemented E.O. 13466.