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- May 2012
- Additional entities subject to asset-freezing measures against those involved in North Korea’s nuclear-, other WMD- and ballistic missile development programs
Additional entities subject to asset-freezing measures against those involved in North Korea’s nuclear-, other WMD- and ballistic missile development programs
Pursuant to United Nations Security Council Resolutions 1718, the Security Council's Sanction Committee designated three entities as being engaged in North Korea's nuclear-, other WMD- and ballistic missile development programs and thus being subject to asset freezing. In response to this action, Japan will take measures to freeze the assets of these entities.
1. Specifics of the measures
Pursuant to the Foreign Exchange and Foreign Trade Act, on and after May 15, the government will impose the following measures on the three entities additionally designated on May 2, 2012, by the UN Security Council Sanctions Committee based on UN Resolution 1718 as subjects of asset-freezing measures against those involved in North Korea's nuclear-, other WMD- and ballistic missile development programs, by way of a public notice promulgated by the Ministry of Foreign Affairs (MOFA) on May 15.
- (i) Payment restrictions
- All payments to any of the entities specified by MOFA's public notice referred to above must obtain the prior approval of the Government of Japan.
- (ii) Restrictions on capital transactions
- All capital transactions with any of the entities specified by MOFA's public notice referred to above must obtain the prior approval of the Government of Japan.
2. Entities subject to the above measures
Release Date
May 15, 2012
Division in Charge
- Northeast Asia Division, Asian and Oceanian Affairs Bureau, Ministry of Foreign Affairs
- Legal Office, Research Division, International Bureau, Ministry of Finance
- Trade Control Policy Division, Trade Control Department, Trade and Economic Cooperation Bureau, Ministry of Economy, Trade and Industry