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Home› Sanctions & Restrictive Measures› DPRK Sanctions Regulation

Chapter IV · Restrictions on Transfers of Funds and Financial Services › Article 31

It shall be prohibited:

(a)

to sell or purchase public or public-guaranteed bonds issued after 19 February 2013, directly or indirectly, to or from any of the following:

(i)

the DPRK or its Government, and its public bodies, corporations and agencies;

(ii)

the Central Bank of the DPRK;

(iii)

any credit or financial institution referred to in Article 21(2);

(iv)

a natural person or a legal person, entity or body acting on behalf or at the direction of a legal person, entity or body referred to in point (i) or (ii);

(v)

a legal person, entity or body owned or controlled by a person, entity or body referred to in point (i), (ii) or (iii);

(b)

to provide brokering services with regard to public or public-guaranteed bonds issued after 19 February 2013 to a person, entity or body referred to in point (a);

(c)

to assist a person, entity or body referred to in point (a) in order to issue public or public-guaranteed bonds, by providing brokering services, advertising or any other service with regard to such bonds.

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