UKSL Sanctions designation

DAEDONG CREDIT BANK (DCB)

Entity · designated 2 March 2016

Designation identifiers

UKSL unique ID
DPR0131
OFSI group ID
13341
UN reference number
KPe.023
Designation type
Entity
Date designated
2 March 2016
Last updated
1 August 2022

Regimes

  • The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019

Designation sources

  • UN

Sanctions imposed

  • Asset freeze
  • Chartering of Ships
  • Closure of representative offices
  • Crew servicing of ships and aircraft
  • Prevention of business arrangements
  • Prohibition of port entry

Other information

  • SWIFT: DCBKKPPY. Daedong Credit Bank has provided financial services to the Korea Mining Development Trading Corporation (KOMID) and Tanchon Commercial Bank. Since at least 2007, DCB has facilitated hundreds of financial transactions worth millions of dollars on behalf of KOMID and Tanchon Commercial Bank. In some cases, DCB has knowingly facilitated transactions by using deceptive financial practices.

Addresses

  • Lines: Suite 401
  • Lines: Potonggang Hotel
  • Lines: Ansan-Dong
  • Lines: Pyongchon District
  • Lines: Pyongyang
  • Country: North Korea
  • Lines: Ansan-dong
  • Lines: Botonggang Hotel
  • Lines: Pongchon
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This directory is not a substitute for sanctions compliance screening. Ownership and control rules can apply to entities that are not separately named. Verify the current official list and obtain appropriate advice.