This circular is an update on the Democratic People's Republic of Korea (DPRK) sanctions enforcement circular that we published in 2019. It has been updated following the recently published 2019/2020 UN Panel of Experts of North Korea Sanctions Report (see Report).
Members are advised that there will be temporary restrictions in place in the vicinity of Sentosa Island during the planned summit between US President Donald Trump and North Korean leader Kim Jong-un.
The Club held a golf day in Korea for members and brokers on Friday 13th April. The day was hosted on the Jack Nicklaus designed Ocean Course at the Sky72 Golf Club in Incheon by Andrew Jones, Asia Pacific Regional Director, and James Petrie Underwriting Director for Korea.
In reaction to recent ballistic missile and nuclear weapons tests by North Korea, the U.S. and the UN have both imposed significant new sanctions against North Korea.
On August 2, 2017, President Trump signed into law the "Countering America's Adversaries Through Sanctions Act". The Act imposes new and further sanctions on Iran, Russia and North Korea.
