Rule · SCB · 19 Sep 2024
The Securities Commission of The Bahamas informs licensees and registrants that the UN Security Council Committee established pursuant to resolution 1718 (2006) amended the sanctions list entry for Ri Pyong Chol (KPi.076) on 17 September 2024. Registrants and licensees are required to update their records to reflect these amendments and ensure continued compliance with United Nations Security Council Resolutions. The notice directs affected entities to consult the specified UNSC websites for the updated consolidated sanctions list and related materials.
Date: 18 September 2024
Dear Registrant/Licensee:
Re: International Obligations (Economic and Ancillary Measures) Act, Chapter 16 (IOEAMA): Democratic People's Republic of Korea Pursuant to section 3A of the International Obligations (Economic and Ancillary Measures) Act, Chapter 16 (IOEAMA), licensees and registrants of the Securities Commission of The Bahamas (the Commission) are hereby informed that on 17 September 2024, the Security Council Committee established pursuant to resolution 1718 (2006) enacted the amendments, specified with strikethrough and/or underline on its Democratic People’s Republic of Korea Sanctions List of individuals and entities as specified in the United Nations press release attached hereto. The United Nations press release can also be found at the following web address:
1. https://press.un.org/en/2024/sc15823.doc.htm
Registrants and licensees are urged to regularly consult the following UNSC website addresses, to ensure continued compliance, and accurate record keeping relating to United Nations Security Council Resolutions:
1. UNSC: https://www.un.org/securitycouncil
2. UNSC Sanctions list materials: www.un.org/securitycouncil/sanctions/1718/materials
3. Consolidated UNSC Sanctions List:
www.un.org/securitycouncil/content/un-sc-consolidated-list A copy of this notice can be found on the Commission’s website. Any inquiries concerning this notice may be directed to the Commission at:
Poinciana House
North Building, 2nd Floor
31A East Bay Street
P. O. Box N-8347
Nassau, The Bahamas
Email: info@scb.gov.bs
Tel: 1 (242) 397-4100
Press Release
SC/15823
17 September 2024
Security Council 1718 Sanctions Committee Amends One Entry on Its Sanctions List On 17 September 2024, the Security Council Committee established pursuant to resolution 1718 (2006) enacted the amendments, specified with strikethrough and/or underline, in the entry below on its Sanctions List of individuals and entities. A. Individuals KPi.076 Name: 1: RI 2: PYONG CHUL 3: na 4: na Title: na Designation: a) Vice Chairman of the Workers’ Party of Korea (WPK) Central Military Commission b) FormerSecretary of the Worker’s Party and Member of the Political Bureau bc) Former Alternate Member of the Political Bureau of the Workers’ Party of Korea and First Vice Director of the Munitions Industry Department DOB: 1948 POB: Good quality a.k.a.: a) Ri Pyo’ng-ch’o’l b) Ri Pyong Chol Low quality a.k.a.: na Nationality: Democratic People's Republic of Korea Passport no: na National identification no: na Address: Democratic People's Republic of Korea Listed on: 22 Dec. 2017 (amended on 29 Jun. 2023 and 17 September 2024) Other information: Gender: male Press releases concerning changes to the Committee’s Sanctions List may be found in the “Press Releases” section on the Committee’s website at the following URL: https://main.un.org/securitycouncil/sanctions/1718/pressreleases. The updated version of the Committee’s Sanctions List, available in HTML, PDF and XML format, may be found at the following URL:
https://main.un.org/securitycouncil/sanctions/1718/materials.
The United Nations Security Council Consolidated List is also updated following all changes made to the Committee’s Sanctions List and is accessible at the following URL: https://main.un.org/securitycouncil/content/un-sc-consolidated-list. Security Council Meetings Coverage and Press Releases EN
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“the Security Council Committee established pursuant to resolution 1718 (2006) enacted the amendments”
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