Following the Nuclear Tests conducted by North Korea in defiance of UN resolutions in February of this year the UN Security Council on 07 March unanimously adopted Security Council Resolution 2094 on North Korea.
The new Resolution will target the illicit activities of diplomatic personnel, transfers of bulk cash, and the country’s banking relationships, in response to that country’s third nuclear test on 12 February.
The Council promised to keep the situation under continuous review and stated it was “prepared to strengthen, modify, suspend or lift the measures as may be needed in light of the DPRK’s compliance”, or to “take further significant measures in the event of a further DPRK launch or nuclear test”.
For more information on this Resolution and on global sanctions please contact us.
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