North Korea: Sanctions

(asked on 22nd February 2016) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask Her Majesty’s Government what steps they are taking to ensure that funds, financial assets or economic resources are not being made available by UK nationals, UK-owned businesses, including tour companies, or other entities within UK territory, to sanctioned North Korean entities, or to that country's nuclear and ballistic missiles programme.


This question was answered on 2nd March 2016

UN sanctions measures on the Democratic People’s Republic of Korea (DPRK) include the requirement of all member states to freeze funds, other financial assets and economic resources on their territories, which are owned or controlled by individuals and entities designated by the UN Sanctions Committee or Security Council as being engaged in or supporting DPRK’s nuclear or ballistic missile programmes. The EU has legislated to give effect to UN sanctions. In the case of the DPRK it has gone beyond them by designating additional individuals and entities at the EU level. It is a criminal offence within the UK to make available funds or economic resources to a listed individual or entity under UN or EU DPRK sanctions measures.

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