Regulatory Alerts2025-06-27
International Obligations (Economic and Ancillary Measures) (Democratic People's Republic of Korea) Order 2019
The Governor-General of The Bahamas issued this Order to implement United Nations Security Council sanctions targeting the Democratic People's Republic of Korea. It prohibits the supply, sale, and transfer of designated arms, technology, petroleum, luxury goods, and seafood to or from the DPRK, while restricting financial services, vessel registrations, and insurance that could fund nuclear or ballistic missile programs. The Order mandates the freezing of funds and economic resources held by designated individuals and entities, establishes government focal points for oversight, and outlines procedures for reporting, granting exemptions, and unfreezing mistakenly frozen assets.
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