The Democratic People’s Republic of Korea (European Union Financial Sanctions) Regulations 2017 No. 218

PART 3 Restrictions on Financial Services and Markets

Business directly or indirectly with designated persons

16.  A person must not participate, directly or indirectly, in any business arrangements, including joint ventures, with—

(a) any person, entity or body listed in Annex IV of the Council Regulation; or

(b) any other person, entity or body acting on behalf or at the direction of such a person, entity or body.