Article The Review of Banking & Financial Services

North Korea: Shipping and Supply Chain Risks and Risk Mitigation

Mario Mancuso, Sanjay Mullick and Jeremy Iloulian have authored an article regarding economic sanctions on North Korea.

"In 2018, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) published two advisories, both related to North Korea’s sanctions evasion tactics. The advisories identified risks for companies specifically related to shipping and supply chains, potential indicators of a North Korean nexus, and how to mitigate such risks. The authors discuss these advisories, their impact and implications for both U.S. and non-U.S. parties, and how OFAC expects companies to comply."

This article appeared in its entirety in the March 2019 edition of The Review of Banking & Financial Services.