Kenneth Rijock

Kenneth Rijock

Monday, June 24, 2019

OFAC DESIGNATES RUSSIAN BANK FOR ASSISTING NORTH KOREA IN EVADING SANCTIONS



Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions upon a prominent Russian bank, the Russian Financial Society (RFS), for providing financial services to a company owned and controlled by the Foreign Trade Bank of the Democratic Peoples' Republic of Korea, North Korea's primary foreign exchange bank. FTB is the subject of American and United Nations sanctions.

Foreign Trade Bank links to DPRK entities


The precise legal names for RFS are :
(1) Limited Liability Company Non-Bank Credit Organization Russian Financial Society.
(2) LLC NCO Russian Financial Society.

Readers who wish to review the SDN listing can access the complete text here.
The Treasury press release details the linked North Korean entities. Treasury Designates Russian Financial Institution supporting North Korean Sanctions Evasion here.




No comments:

Post a Comment

Note: Only a member of this blog may post a comment.