Ministry of Foreign Affairs
Ministry of Finance
Ministry of Economy, Trade and Industry
Financial Services Agency
National Police AgencyEntities and Individuals Subject to Asset-freezing Measures against Those Involved in North Korea’s Nuclear, other WMD, and Ballistic Missile Development Programs

Pursuant to Security Council Resolution 2094, which has been adopted recently, the Security Council's Sanctions Committee additionally designated two entities and three individuals as being engaged in North Korea's nuclear, other WMD, and ballistic missile development programs and subject to asset freezing measures. In response to this action, Japan has decided to take measures to freeze the assets of the entities and individuals.

1. Pursuant to the Foreign Exchange and Foreign Trade Act (hereinafter referred to as the "the Act"), from April 5, 2013, the Government of Japan will impose the following measures on the two entities and three individuals who are designated by a public notice titled "Partial Revision of the Measures to Designate Entities and Individuals Involved in North Korea' Nuclear, Other WMD, and Ballistic Missile Development Programs who are subject to Asset-freezing Measures pursuant to the United Nations Security Council Resolution," promulgated by the Ministry of Foreign Affairs (MOFA) on the same day.
   1. Payment restrictions
      All payments to any of the entities and individuals specified by MOFA's public notice referred to above must obtain prior approval from the Government of Japan.
   2. Restrictions on capital transactions
      All capital transactions with any of the entities and individuals specified by MOFA's public notice referred to above must obtain prior approval from the Government of Japan.
   3. Entities and individuals subject to the measures
      See Appendix 1(PDF:73KB) (in Japanese).
2. In response to the adoption of Resolution 2094, Japan will take the following measures regarding financial institutions:
   1. Prohibition of the correspondent relationship
      Japan shall require Japanese financial institutions in Japan and foreign financial institutions located in Japan to refrain from establishing or maintaining correspondent relationships with North Korean financial institutions.
   2. Prohibition of the transfer of equity interest
      Japan shall require Japanese financial institutions in Japan and foreign financial institutions located in Japan to refrain from transferring the equity interest to North Korean financial institutions.
   3. Prohibition of establishing branch offices
      When North Korean financial institutions file any requests for banking licenses or other business to open branch offices or establish subsidiary companies in Japan, and when Japanese financial institutions file any requests for approval to open branch offices or establish subsidiary companies in North Korea, Japan shall not approve such requests according to the Banking Act, etc.
   4. Thorough implementation of obligations to identify persons who make transactions and to provide notification of suspicious trades
      Japan shall require financial institutions to thoroughly implement obligations to confirm and identify customers based on the Act as well as to identify such persons based on the Act on the Prevention of the Transfer of Criminal Proceeds, and to provide notification of suspicious trades.
3. In accordance with the purpose of Security Council Resolution 2094, on April 5, 2013, the Cabinet approved the Asset-freezing Measures against Entities and Individuals Involved in North Korea's Nuclear, other WMD, and Ballistic Missile Development Programs, for the purpose of assisting Japan's contribution to global efforts to achieve world peace with the aim to resolve concerns over North Korea. At the same time, an entity and four individuals are designated in the approval as those involved in North Korea's nuclear, other WMD, and ballistic missile development programs. In response to this action, Japan has decided to take measures to freeze the assets of the entity and individuals based on the Act.
   1. Payment restrictions
      Any payment to the entity or individuals specified by MOFA's public notice must obtain prior approval from the Government of Japan.
   2. Restrictions on capital transactions
      Any capital transaction with the entity or individuals specified by MOFA's public notice must obtain prior approval from the Government of Japan.
   3. Entity and individuals subject to the measures
      See Appendix 2(PDF:81KB) (in Japanese).

April 5, 2013

• 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
• Supervisory Coordination Division, Supervisory Bureau, Financial Services Agency
• Japan Financial Intelligence Center, National Police Agency