Trade and Manufacturing Monitor

News and insight from our international trade practice group

New North Korea Sanctions Regulations Become Effective Today

The Office of Foreign Assets Control (OFAC)’s new North Korea Sanctions Regulations become effective today. In addition to making certain technical and conforming changes, the newly updated Part 510 incorporates recent…

U.S. Issues New North Korea Sanctions and a Warning to the Global Shipping and Finance Industries

Today the U.S. Office of Foreign Assets Control (OFAC) issued new sanctions targeting the shipping industry for dealings involving North Korea. The sanctions include the designation of 56 companies and vessels involved…

Importers Beware: U.S. Customs Targets Imports Made in China by North Korean Workers

The AP recently reported that North Koreans are working in China as forced labor and their products are being imported into the U.S. The AP followed the production of seafood from Chinese facilities to U.S. retailers,…

New U.S. Sanctions on North Korea - What You Need To Know

Last week the U.S. government announced new sanctions on North Korea designed to target non-U.S. persons, aircraft, vessels, and financial institutions that facilitate trade and transactions with the country. The…

Trump Administration Threatens Unilateral Sanctions Against North Korea's Trading Partners

Treasury Secretary Mnuchin announced Wednesday that the Trump Administration was considering sanctioning any country that continues trade with North Korea if the United Nations does not approve additional sanctions…