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OFAC Issues New Designations Related to North Korea and Libya

Pursuant to Executive Order ("EO") 13722, the U.S. Treasury Office of Foreign Assets Control ("OFAC") designated a South African national for his role in helping North Korea acquire oil. OFAC stated that as part of its "commitment to the final, fully verified denuclearization of North Korea, Treasury will continue to enforce and implement sanctions against any actor that seeks to aid the regime's deceptive practices."

Separately, pursuant to EO 13726, OFAC designated a Libyan militia leader for initiating violence in Libya's capital, Tripoli.

Primary Sources

  1. U.S. Treasury Press Release: Treasury Sanctions Militia Leader Responsible for Multiple Attacks on Libyan Capital
  2. U.S. Treasury Press Release: Treasury Designates Individual Who Helped North Korea Acquire Oil
  3. U.S. Treasury Resource Center: North Korea Designations; Libya-Related Designations

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Tags

Regulated Activities
Sanctions Compliance
Body of Law
Sanctions
Jurisdiction
US - Federal
Impacted Foreign Jurisdiction
North Korea
Organization
Treasury / FinCEN / OFAC / CFIUS
Sub-Author
OFAC