Thursday, 28 March 2019 16:48

US Designates Two Shipping Firms for Evading North Korea Sanctions

554 US North Korea

 

Dalian Haibo International Freight and Liaoning Danxing International Forwarding, both based in China, have been designated by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) for having helped North Korea evade sanctions. Specifically, Dalian Haibo has been designated for providing goods and services to or in support of the US-designated Paeksol Trading Corporation (Paeksol). In early 2018, Dalian Haibo shipped cargo from Dalian, China to Paeksol in Nampo, North Korea, aboard DPRK-flagged vessels. Liaoning Danxing, has been designated for operating in the transportation industry in North Korea. Liaoning Danxing routinely used deceptive practices that enabled EU-based North Korean procurement officials to operate and purchase goods for the DPRK regime, according to OFAC. As a result of the OFAC action, any property or interests in property of the designated persons in the possession or control of US persons or within or transiting the United States is blocked, and US persons generally are prohibited from dealing with the designated persons.

 

 

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