SECO amends two DPRK listings

Earlier today, Swiss authorities modifiied the entity listings for: 

 

SSID: 150-3519 Name: Green Pine Associated Corporation
Good quality a.k.a.: a) Cho’ngsong United Trading Company b) Chongsong Yonhap c) Ch’o’ngsong Yo’nhap d) Chosun Chawo’n Kaebal T’uja Hoesa e) Jindallae f) Ku’mhaeryon G Company LTD g) Natural Resources Development and Investment Corporation h) Saeingp’il Company i) National Resources Development and Investment Corporation j) Saeng Pil Trading Corporation Address: a) c/o Reconnaissance General Bureau Headquarters, Hyongjesan-Guyok, Pyongyang, DPR Korea b) Nungrado, Pyongyang, DPR Korea c) Rakrang No. 1, Pyongyang, Rakrang District, DPR Korea d) Chilgol-1 dong, Pyongyang, Mangyongdae District, DPR Korea
Justification: Green Pine Associated Corporation («Green Pine») has taken over many of the activities of the Korea Mining Development Trading Corporation (KOMID). KOMID was designated by the Committee in April 2009 and is the DPRK’s primary arms dealer and main exporter of goods and equipment related to ballistic missiles and conventional weapons. Green Pine is also responsible for approximately half of the arms and related materiel exported by the DPRK. Green Pine has been identified for sanctions for exporting arms or related material from North Korea. Green Pine specializes in the production of maritime military craft and armaments, such as submarines, military boats and missile systems, and has exported torpedoes and technical assistance to Iranian defence-related firms. Other information: Telephone number: +850-2-18111(ext. 8327). Facsimile number: +850-2- 3814685 and +850-2-3813372. Email addresses: pac@silibank.com and kndic@co.chesin.com. Modifications: Amended on 5 Jun 2017

SSID: 150-3586 Name: Namchongang Trading Corporation
Good quality a.k.a.: a) NCG b) Namchongang Trading c) Nam Chon Gang Corporation d) Nomchongang Trading Co. e) Nam Chong Gan Trading Corporation f) Namhung Trading Corporation g) Korea Daeryonggang Trading Corporation h) Korea Tearyonggang Trading Corporation Address: a) Pyongyang, DPR Korea b) Sengujadong 11-2 (or Kwangbok-dong), Pyongyang, Mangyongdae District, DPR Korea

Justification: Namchongang is a DPRK trading company subordinate to the GBAE. Namchongang has been involved in the procurement of Japanese-origin vacuum pumps that were identified at a DPRK nuclear facility, as well as nuclear-related procurement associated with a German individual. It has further been involved in the purchase of aluminum tubes and other equipment specifically suitable for an uranium enrichment program from the late 1990s. Its representative is a former diplomat who served as DPRK’s representative for the IAEA inspection of the Yongbyon nuclear facilities in 2007. Namchongang’s proliferation activities are of grave concern given the DPRK’s past proliferation activities. Other information: Telephone numbers: +850-2-18111, 18222 (ext. 8573). Facsimile number: +850-2-381-4687. Modifications: Amended on 4 Mar 2016, 5 Jun 2017 

who are sanctioned under their North Korean sanctions program.

The Watchlists page will be updated shortly.

Links:

FINMA Notice

Data files of updates – PDFXML

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