December 2, 2016: SECO updates North Korean sanctions

On Friday, Swiss authorities added the following persons: 

SSID: 150-35456 Name: Pak Chun Il
DOB: 28 Jul 1954 Nationality: DPR Korea Identification document: Passport No. 563410091, DPR Korea
Justification: Pak Chun Il has served as the DPRK Ambassador to Egypt and provides support to KOMID. Relation: Provides support to Korea Mining Development Trading Corporation (SSID 150-3563) Modifications: Listed on 30 Nov 2016

SSID: 150-35463 Name: Kim Song Chol
DOB: a) 26 Mar 1968 b) 15 Oct 1970 Good quality a.k.a.: Kim Hak Song Nationality: DPR Korea Identification document: a) Passport No. 381420565, DPR Korea b) Passport No. 654120219, DPR Korea
Justification: Kim Song Chol is a KOMID official that has conducted business in Sudan on behalf of KOMID’s interests. Relation: Official of Korea Mining Development Trading Corporation (SSID 150-3563) Modifications: Listed on 30 Nov 2016

SSID: 150-35474 Name: Son Jong Hyok
DOB: 20 May 1980 Good quality a.k.a.: Son Min Nationality: DPR Korea
Justification: Son Jong Hyok is a KOMID official that has conducted business in Sudan on behalf of KOMID’s interests. Relation: Official of Korea Mining Development Trading Corporation (SSID 150-3563) Modifications: Listed on 30 Nov 2016

SSID: 150-35482 Name: Kim Se Gon
DOB: 13 Nov 1969 Nationality: DPR Korea Identification document: Passport No. PD472310104, DPR Korea
Justification: Kim Se Gon works on behalf of the Ministry of Atomic Energy Industry. Relation: Works on behalf of the Ministry of Atomic Energy Industry (SSID 150-33930) Modifications: Listed on 30 Nov 2016 

SSID: 150-35490 Name: Ri Won Ho
DOB: 17 Jul 1964 Nationality: DPR Korea Identification document: Passport No. 381310014, DPR Korea
Justification: Ri Won Ho is a DPRK Ministry of State Security Official stationed in Syria supporting KOMID. Relation: Supporting Korea Mining Development Trading Corporation (SSID 150-3563) Modifications: Listed on 30 Nov 2016

SSID: 150-35498 Name: Jo Yong Chol
DOB: 30 Sep 1973 Good quality a.k.a.: Cho Yong Chol Nationality: DPR Korea Justification: Jo Yong Chol is a DPRK Ministry of State Security Official stationed in Syria supporting KOMID. Relation: Supporting Korea Mining Development Trading Corporation (SSID 150-3563) Modifications: Listed on 30 Nov 2016

SSID: 150-35506 Name: Kim Chol Sam
DOB: 11 Mar 1971 Nationality: DPR Korea
Justification: Kim Chol Sam is a representative for Daedong Credit Bank (DCB) who has been involved in managing transactions on behalf of DCB Finance Limited. As an overseas- based representative of DCB, it is suspected that Kim Chol Sam has facilitated transactions worth hundreds of thousands of dollars and likely managed millions of dollars in DPRK related accounts with potential links to nuclear/missile programmes. Relation: Representative for Daedong Credit Bank (SSID 150-33903) Modifications: Listed on 30 Nov 2016

SSID: 150-35513 Name: Kim Sok Chol
DOB: 8 May 1955 Nationality: DPR Korea Identification document: Passport No. 472310082, DPR Korea
Justification: Kim Sok Chol acted as the DPRK Ambassador to Myanmar and he operates as a KOMID facilitator. He was paid by KOMID for his assistance and arranges meetings on behalf of KOMID, including a meeting between KOMID and Myanmar’s defense related persons to discuss financial matters. Relation: Facilitator for Korea Mining Development Trading Corporation (SSID 150-3563) Modifications: Listed on 30 Nov 2016

SSID: 150-35521 Name: Chang Chang Ha
DOB: 10 Jan 1964 Good quality a.k.a.: Jang Chang Ha Nationality: DPR Korea Justification: Chang Chang Ha is the President of the Second Academy of Natural Sciences (SANS). Relation: President of the Second Academy of Natural Sciences (SSID 150-24319) Modifications: Listed on 30 Nov 2016

SSID: 150-35529 Name: Cho Chun Ryong
DOB: 4 Apr 1960 Good quality a.k.a.: Jo Chun Ryong Nationality: DPR Korea Justification: Cho Chun Ryong is the Chairman of the Second Economic Committee (SEC). Relation: Chairman of the Second Economic Committee (SSID 150-33968) Modifications: Listed on 30 Nov 2016

SSID: 150-35537 Name: Son Mun San
DOB: 23 Jan 1951 Nationality: DPR Korea
Justification: Son Mun San is the Director-General of the External Affairs Bureau of the General Bureau of Atomic Energy (GBAE). Relation: Director-General of the External Affairs Bureau of the General Bureau of Atomic Energy (GBAE) (SSID 150-3511) Modifications: Listed on 30 Nov 2016

and entities: 

SSID: 150-35544 Name: Korea United Development Bank
Address: Pyongyang, DPR Korea
Justification: Korea United Development Bank operates in the financial services industry of the DPRK economy. Other information: SWIFT/BIC: KUDBKPPY Modifications: Listed on 30 Nov 2016

SSID: 150-35550 Name: Ilsim International Bank
Address: Pyongyang, DPR Korea
Justification: Ilsim International Bank is affiliated with the DPRK military and has a close relationship with Korea Kwangson Banking Corporation (KKBC). Ilsim International Bank has attempted to evade United Nations sanctions. Relation: Close relationship with Korea Kwangson Banking Corporation (SSID 150-33918) Other information: SWIFT: ILSIKPPY Modifications: Listed on 30 Nov 2016

SSID: 150-35557 Name: Korea Daesong Bank
Good quality a.k.a.: a) Choson Taesong Unhaeng b) Taesong Bank Address: Segori- dong, Gyongheung Street, Pyongyang, Potonggang District, DPR Korea
Justification: Daesong Bank is owned and controlled by Office 39 of the Korea Workers’ Party. Relation: Owned and controlled by Office 39 (SSID 150-33948) Other information: SWIFT/BIC: KDBKKPPY Modifications: Listed on 30 Nov 2016

SSID: 150-35567 Name: Singwang Economics and Trading General Corporation Address: DPR Korea
Justification: Singwang Economics and Trading General Corporation is a DPRK firm for trading in coal. DPRK generates a significant share of the money for its nuclear and ballistic missile programmes by mining natural resources and selling those resources abroad. Modifications: Listed on 30 Nov 2016

SSID: 150-35572 Name: Korea Foreign Technical Trade Center
Address: DPR Korea
Justification: Korea Foreign Technical Trade Center is a DPRK firm trading in coal. DPRK generates a significant share of the funds needed to finance its nuclear and ballistic missile programmes by mining natural resources and selling those resources abroad. Modifications: Listed on 30 Nov 2016

SSID: 150-35577 Name: Korea Pugang Trading Corporation
Address: Rakwon-dong, Pyongyang, Pothonggang District, DPR Korea
Justification: Korea Pugang Trading Corporation is owned by the Korea Ryonbong General Corporation, DPRK’s defense conglomerate specializing in acquisition for DPRK defense industries and support to Pyongyang’s military related sales. Relation: Owned by the Korea Ryonbong General Corporation (SSID 150-3572) Modifications: Listed on 30 Nov 2016

SSID: 150-35583 Name: Korea International Chemical Joint Venture Company
Good quality a.k.a.: a) Choson International Chemicals Joint Operation Company b) Chosun International Chemicals Joint Operation Company c) International Chemical Joint Venture Company Address: a) Hamhung, South Hamgyong Province, DPR Korea b) Man gyongdae-kuyok, Pyongyang, DPR Korea c) Mangyungdae-gu, Pyongyang, DPR Korea Justification: Korea International Chemical Joint Venture Company is a subsidiary of Korea Ryonbong General Corporation — DPRK’s defense conglomerate specializing in acquisition for DPRK defense industries and support to Pyongyang’s military related sales — and has engaged in proliferation-related transactions. Relation: Subsidiary of Korea Ryonbong General Corporation (SSID 150-3572) Modifications: Listed on 30 Nov 2016

SSID: 150-35595 Name: DCB Finance Limited
Address: a) Akara Building, 24 de Castro Street, Wickhams Cay I, Road Town, Tortola, British Virgin Islands b) Dalian, China
Justification: DCB Finance Limited is a front company for Daedong Credit Bank (DCB), a listed entity. Relation: Front Company for Daedong Credit Bank (SSID 150-33903) Modifications: Listed on 30 Nov 2016

SSID: 150-35603 Name: Korea Taesong Trading Company
Address: Pyongyang, DPR Korea
Justification: Korea Taesong Trading Company has acted on behalf of KOMID in dealings with Syria. Relation: Acted on behalf of Korea Mining Development Trading Corporation (SSID 150-3563) Modifications: Listed on 30 Nov 2016

SSID: 150-35609 Name: Korea Daesong General Trading Corporation
Good quality a.k.a.: a) Daesong Trading b) Daesong Trading Company c) Korea Daesong Trading Company d) Korea Daesong Trading Corporation Address: Pulgan Gori Dong 1, Pyongyang City, Potonggang District, DPR Korea
Justification: Korea Daesong General Trading Corporation is affiliated with Office 39 through minerals (gold) exports, metals, machinery, agricultural products, ginseng, jewelry, and light industry products. Relation: Affiliated with Office 39 (SSID 150-33948) Modifications: Listed on 30 Nov 2016 

to the sanctions against the Democratic People’s Republic of Korea (DPRK).

Links:

FINMA Notice

Data files of updates – PDFXML

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