The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the North Korea Sanctions Regulations to amend or add general licenses to facilitate certain humanitarian-related and journalistic activities. Specifically, OFAC is amending an existing general license for nongovernmental organizations and adding general licenses to authorize certain transactions related to the exportation and re-exportation of items authorized by the U.S. Department of Commerce; the provision of certain agricultural commodities, medicine, and medical devices; and certain journalistic activities in North Korea. This regulatory amendment is currently available for public inspection with the Federal Register and will take effect upon publication in the Federal Register on February 16, 2024.
OFAC has also issued several new North Korea-related Frequently Asked Questions (1160, 1161, 1162, 1163) and amended FAQs 459, 463, 558.