OFAC Sanctions North Korea-Affiliated Entities, People

The Office of Foreign Assets Control this week sanctioned three entities and two people “illicitly generating revenue” for North Korea. The designations target Chilsong Trading Corp., a North Korean government trading company, and Korea Paekho Trading Corp., a government-controlled company that conducts art and construction projects for “regimes” throughout the Middle East and Africa. OFAC also sanctioned Hwang Kil Su, Pak Hwa Song and their Democratic Republic of the Congo-based company, Congo Aconde SARL, which earns revenue from construction and statue-building projects with local governments.