OFAC Sanctions Supporters of North Korean Missile, WMD Programs
The Office of Foreign Assets Control sanctioned one person, two banks and a trading company for their support of North Korean weapons of mass destruction and ballistic missile programs and North Korea's national airline, which is sanctioned by the U.S.…
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Yong Nam Jong, of Minsk, Belarus, has "directly supported or helped generate revenue for [North Korean] organizations that are linked to the development of ballistic missiles," a May 27 news release said. Air Koryo Trading, Far Eastern Bank and Sputnik Commercial Bank also were sanctioned after having been found to have contributed to procurement and revenue generation for North Korean organizations. Brian Nelson, Treasury Department undersecretary for terrorism and financial intelligence, said the U.S. "will continue to implement and enforce existing sanctions while urging [North Korea] to return to a diplomatic path and abandon its pursuit of weapons of mass destruction and ballistic missiles.”