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OFAC Update: New Designations and Designation Updates
The Office of Foreign Assets Control (OFAC) has recently announced new designations and designation updates related to North Korea, Russia, and other countries. According to the latest update, a total of 7 individuals and 3 entities from Russia and North Korea have been added to the Specially Designated Nationals (SDN) list.
New Designations:
- NIKULIN, Dmitry Yuryevich, a Russian national, has been added to the SDN list for his involvement with North Korea.
- MRB BANK, a Russian bank, has been added to the SDN list for its connections to North Korea.
- STROYTREYD LLC, a Russian company, has been added to the SDN list for its involvement with North Korea.
- TIMER BANK, a Russian bank, has been added to the SDN list for its connections to North Korea.
- GAZARYAN, Rafael Anatolyevich, a Russian national, has been added to the SDN list for his involvement with North Korea.
- TRANS KAPITAL LIMITED LIABILITY COMPANY, a Russian company, has been added to the SDN list for its involvement with North Korea.
- TSMRBANK, OOO, a Russian bank, has been added to the SDN list for its connections to North Korea.
Designation Updates:
- KOREA KWANGSON BANKING CORP, a North Korean bank, has been updated to reflect its new name, Border Trade Settlement Bank.
- RUSSIAN FINANCIAL CORPORATION, a Russian bank, has been updated to reflect its new registration number and BIK (RU) code.
- TRANS KAPITAL LIMITED LIABILITY COMPANY, a Russian company, has been updated to reflect its new address and registration information.
Country Breakdown:
- Russia: 6 individuals/entities
- North Korea: 2 individuals/entities
These designations and updates are part of the ongoing efforts by the US government to combat the proliferation of weapons of mass destruction and other illicit activities.
Referrence link: OFAC link
