United States Imposes New Sanctions on North Korea

26 September 2017
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Key takeaways

  • On Wednesday, 20 September 2017, President Trump signed Executive Order 13810, further expanding U.S. sanctions targeting North Korea. 
  • The new executive order, for the first time, authorizes the U.S. Treasury Department to sanction foreign banks that engage in “significant” transactions with North Korea, and to block specific bank accounts linked to North Korea.
  • New commercial sanctions target North Korea’s business operations and international partners, including by authorizing new blocking sanctions against both North Korean persons and third-country nationals that undertake certain business activities in or involving North Korea.