The Democratic People’s Republic of Korea (European Union Financial Sanctions) Regulations 2017

• Collapse all -

1. Introductory Text

2. Expand +/Collapse -

   PART 1 General

   1. 1. Citation, commencement and application

   2. 2. Interpretation

3. Expand +/Collapse -

   PART 2 Funds and Economic Resources

   1. 3. Freezing of funds and economic resources

   2. 4. Making funds available to a designated person

   3. 5. Making funds available for the benefit of a designated person

   4. 6. Making economic resources available to a designated person

   5. 7. Making economic resources available for the benefit of a designated person

   6. 8. Funds and economic resources: Government of Democratic People’s Republic of Korea and Worker’s Party of Korea

   7. 9. Credits to a frozen account

4. Expand +/Collapse -

   PART 3 Restrictions on Financial Services and Markets

   1. 10. Credit and financial institutions: accounts and correspondent banking relationships

   2. 11. Credit and financial institutions: representative offices etc

   3. 12. Acquisition or extension of ownership interest

   4. 13. Sale or purchase of bonds

   5. 14. DPRK credit and financial institutions: branches, subsidiaries, and representative offices

   6. 15. Severance of existing financial relationships

   7. 16. Business directly or indirectly with designated persons

   8. 17. Financial support for trade

   9. 18. Investment and commercial activities

   10. 19. Transfers of funds

   11. 20. Authorisations

   12. 21. Bank accounts for diplomats and diplomatic missions of the Democratic People’s Republic of Korea

   13. 22. Real property

5. Expand +/Collapse -

   PART 4 Licences

   1. 23. Licences

6. Expand +/Collapse -

   PART 5 Offences

   1. 24. Contravention and circumvention of prohibitions

   2. 25. Officers of a body corporate etc.

   3. 26. Penalties

   4. 27. Proceedings

   5. 28. Consent to prosecution

7. Expand +/Collapse -

   PART 6 Miscellaneous

   1. 29. Information provisions

   2. 30. Notices

   3. 31. The Crown

   4. 32. Revocation

   5. 33. Savings

8. Signature

9. 1. Expand +/Collapse -

      SCHEDULE

      Information Provisions

      1. 1. Reporting obligations of relevant institutions

      2. 2. Powers to request information

      3. 3. Production of documents

      4. 4. Failure to comply with request for information

      5. 5. General power to disclose information

      6. 6. Application of provisions

10. Explanatory Note