Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Advisory warns companies about sanctions evasion tactics used by North Korea

Jaclyn Jaeger | July 27, 2018

The State Department, Treasury Department and Homeland Security have issud an advisory highlighting the sanctions evasion tactics used by North Korea that could expose companies—including manufacturers, buyers, and service providers—to  compliance risks under U.S. or United Nations sanctions authorities.

This advisory is also intended to assist businesses in complying with the requirements under Title III, the Korean Interdiction and Modernization of Sanctions Act of the Countering America’s Adversaries Through Sanctions Act (CAATSA).

This advisory does not impose new sanctions on North Korea. The U.S. remains committed to the Joint Statement that President Trump and Chairman Kim signed June 12 in Singapore. As the President has said, sanctions will be enforced and remain in effect.

Multiple U.S. and UN sanctions...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.