Frequently Asked Questions

None.  E.O. 13722 prohibits the exportation or reexportation, from the United States, or by a United States person, of any goods, services, or technology to North Korea, unless authorized or exempt.  BIS maintains authority to license exports and reexports of items (i.e., commodities, software, or… Read more

No. Unless authorized pursuant to a general or specific license from OFAC and/or BIS, Executive Order (E.O.) 13722 prohibits new investment in North Korea by a U.S. person and the exportation or reexportation, from the United States, or by a U.S. person, of any goods, services, or technology to… Read more

Yes. Several general licenses are incorporated into Subpart E of the North Korea Sanctions Regulations. See OFAC’s webpage on North Korea for any additional general licenses. …

Yes. Section 510.511 of the North Korea Sanctions Regulations authorizes U.S. depository institutions (including banks), U.S.-registered brokers or dealers in securities, and U.S.-registered money transmitters to process non-commercial, personal remittances to or from North Korea, or for or on… Read more

Yes. Section 510.512(a) of the North Korea Sanctions Regulations, 31 CFR part 510 (NKSR), authorizes NGOs that have filed the report specified in § 510.512 to conduct transactions that are ordinarily incident and necessary to the following activities: activities to support humanitarian projects to… Read more

While OFAC sanctions do not prohibit U.S. persons from traveling to or from North Korea, as of September 1, 2017, U.S. passports are invalid for travel into, in, or through North Korea. However, in limited circumstances, applicants may be eligible for a Special Validation Passport from the State… Read more

Section 510.510 of the North Korea Sanctions Regulations authorizes the provision of goods or services in the United States to employees of the official mission of the Government of North Korea to the United Nations or employees of the United Nations, their families, or other persons forming part… Read more

E.O. 13810 provides the Secretary of the Treasury, in consultation with the Secretary of State, additional tools to disrupt North Korea’s ability to fund its weapons of mass destruction (WMD) and ballistic missile programs. Specifically, E.O. 13810: (1) establishes several new designation criteria… Read more

Section 3 of E.O. 13810 , as implemented in 31 C.F.R. § 510.201(d), authorizes the Secretary of the Treasury to determine that a foreign bank account is owned or controlled by a North Korean person or has been used to transfer funds in which any North Korean person has an interest, and to require… Read more

Foreign financial institutions have for some time been prohibited from engaging in most North Korea-related transactions that transit the U.S. financial system. In addition, as described in § 510.201(a)(3)(vi) of the NKSR, sanctionable activities of a foreign financial institution include, on or… Read more