U.S. Hits North Koreans With Sanctions Over WMD program

1st April 2017
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The Washington Times: The Treasury Department slapped sanctions on 11 North Koreans and one company Friday over Pyongyang’s nuclear-weapons program and violations of U.N. Security Council resolutions.

“Today’s sanctions are aimed at disrupting the networks and methods that the government of North Korea employs to fund its unlawful nuclear, ballistic missile, and proliferation programs,” said Treasury Secretary Steve Mnuchin.

He said the sanctions “underscore this administration’s commitment to countering the threat to the United States, to our allies, and to stability on the Korean peninsula and in the wider Asia Pacific region posed by the Kim regime in Pyongyang.”

Treasury’s Office of Foreign Assets Control targeted North Korean nationals working as agents of the regime in Russia, China, Vietnam, and Cuba to provide financial support or procurement services for weapons of mass destruction, in violation of U.N. resolutions. Under the sanctions, any property or interests in property of the designated persons must be blocked.

Among those designated are Jang Sung Nam, chief of a Chinese branch of the Tangun Trading Corp., which was sanctioned in 2009 for its involvement in North Korea’s WMD and missile programs.

Also targeted was Han Jang Su, chief representative in Moscow of North Korea’s primary foreign exchange bank.