OFAC Adds Two Chinese Trading Companies to SDN List
The Office of Foreign Assets Control on Jan. 24 added a bevy of new people, companies and ships to the Specially Designated Nationals List for trading with North Korea and aiding its weapons of mass destruction and other illicit programs,…
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the Treasury Department said in a press release. The newly listed companies include a North Korean defense contractor and a number of North Korean shipping companies and vessels. Also among the additions were two Chinese trading companies -- Beijing Chengxing Trading Co., Ltd. and China Dandong Kumsang Trade Co., Ltd. -- each of which purportedly conducted trade with North Korea defense companies, OFAC said. China Dandong Kumsang also goes by the names Dandong Jinxiang Trade Co., Ltd.; Dandong Metal Company; and Jinxiang Trading Company, according to a listing of recent additions to the SDN list.