UKSL Sanctions designation

KOREA KWANGSON BANKING CORPORATION (KKBC)

Entity · designated 2 March 2016

Designation identifiers

UKSL unique ID
DPR0155
OFSI group ID
12452
UN reference number
KPe.025
Designation type
Entity
Date designated
2 March 2016
Last updated
14 January 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

  • KKBC provides financial services in support to Tanchon Commercial Bank and Korea Hyoksin Trading Corporation, a subordinate of the Korea Ryonbong General Corporation. Tanchon Commercial Bank has used KKBC to facilitate funds transfers likely amounting to millions of dollars, including transfers involving Korea Mining Development Corporation related funds.

Addresses

  • Lines: Jungson-dong
  • Lines: Sungri Street
  • Lines: Central District
  • Lines: Pyongyang
  • Country: North Korea
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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.