U.S. Treasury - Sanctions Program Summaries


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North Korea Sanctions

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To whom do these sanctions regulations apply?
		The Regulations affect all U.S. citizens and permanent residents wherever they are located, all people and organizations physically in the United States, and all branches, subsidiaries and controlled affiliates of U.S. organizations throughout the world.

	What related guidance does OFAC have on these sanctions?
	Sanctions Brochures
		Overview of Sanctions
		Overview of Sanctions (text)
	General Licenses
		None
	Interpretative Guidance
		None

Civil Penalties Chart

	What related guidance does OFAC have on its enforcement policies?
	Does OFAC publish Enforcement Guidelines?
		OFAC Enforcement Guidelines
	What is your OFAC Risk?
		OFAC Risk Matrices (for financial institutions as of June 2005)
		OFAC Risk Matrix (for the Charitable Sector as of March 2007)
		OFAC Risk Matrix (for the Securities Sector as of November 2008)
	How do I manage my OFAC risk as compared to Bank Secrecy Act expectations?
		BSA/Anti-Money Laundering Examination Manual - Office of Foreign Assets Control (July 2006)
	How do OFAC's actions and expectations intersect with the bank regulators?
		Memoranda of Understanding between OFAC and bank regulators
	Notice of new OFAC Civil Penalties Interim Policy
		Civil Penalties - Revised Interim Policy (October. 28, 2008)
		Civil Penalties - Interim Policy (Nov. 27, 2007)

	What laws, rules and regulations provide the legal framework for the sanctions?
	Proclamations
		Proclamation on the continuation of the exercise of authorities under the Trading With the Enemy Act (TWEA) with regard to North Korea
	Executive Orders
		Executive order declaring a new national emergency with regard to North Korea
	Statutes
		IEEPA, 50 USCS Sec 1701
		TWEA, 50 USCS Sec 5
		AEDPA, 8 USCS Sec 1189
		Criminal Code, 18 USCS Sec 1001
		Criminal Code, 18 USC Sec. 3571
	Code of Federal Regulations
		31 CFR Part 500
	Federal Register Notices
		71 FR 17345-06 Amendment to Foreign Assets Control Regulations
		72 FR 4960-07 Prohibition on U.S. persons registering vessels in the Democratic People’s Republic of Korea (“North Korea”).
	United Nations Security Council Resolutions
		1718 (October 14, 2006)

Legal Disclaimer:

This document is explanatory only and does not have the force of law. The Executive Orders and implementing regulations dealing with North Korea contain the legally binding provisions governing the sanctions. This document does not supplement or modify those Executive Orders or regulations.