OFAC: North Korea Sanctions Update

Posted 2/15/24

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the North Korea Sanctions Regulations to amend or add general licenses to facilitate certain humanitarian-related and journalistic activities.

These changes include: additional non-governmental organization (NGO) activities, removal of dual licensing burden, expansion of authorization for the exportation or reexportation of certain food, medicine, and other agricultural and medical items, and a new G/L for Journalists.

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