OFAC Sanctions People, Entities Involved in North Korean Energy Trade
The Office of Foreign Assets Control on Oct. 7 sanctioned two people and three entities for their involvement in the export of petroleum to North Korea. The designations target Singapore-based Kwek Kee Seng, Taiwan-based Chen Shih Huan and Marshall Islands-registered…
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company New Eastern Shipping, all of which were “involved in the ownership or management” of the Courageous, a vessel that has delivered refined petroleum to North Korea. OFAC also sanctioned Singapore-registered Anfasar Trading and Singapore registered Swanseas Port Services for being owned or controlled by Kwek.