Are you keeping up with the sanctions and restrictions being imposed in the APAC region. The United States continues to increase pressure on North Korea, and on countries that trade with DPRK. The President’s visit to the region may produce dialogue, agreements, or cooperation that removes some of these sanctions. Keep pace by accessing fresh data in KYC and AML sanctions screening programs.
The United States layered a new round of sanctions on North Korea Thursday, blacklisting individuals and organizations involved in security and forced labor policies for “ongoing and serious human rights abuses.”
Amid the ongoing standoff over Pyongyang’s threatening nuclear posture towards Japan and the United States, the US Treasury sought to boost pressure by placing the financial restrictions on seven senior officials and three state units.
The move came as the State Department released its “Report on Serious Human Rights Abuses and Censorship in North Korea” which details allegations of a national forced labor system and the government’s confiscation of the wages of North Koreans sent abroad as contract labor.
“Human rights abuses by DPRK regime remain among the worst in the world, including those involving extrajudicial killings, forced labor, torture, prolonged arbitrary detention, as well as rape, forced abortions, and other sexual violence inside the country,” said State Department Spokeswoman Heather Nauert.
“Many of the country’s human rights abuses underwrite the regime’s weapons program,” she added.
Read the full article at: www.timesofisrael.com