What You Need To Know About North Korea Executive Order

On Sept. 21, 2017, President Donald Trump issued an executive order, "Imposing Additional Sanctions with Respect to North Korea." The executive order, which accords the U.S. Treasury Department's Office of Foreign Assets Control broad authority to impose sanctions against individuals and entities that conduct or facilitate business with North Korea, represents a significant escalation of U.S. sanctions targeting North Korea.¹ In addition, the executive order presents new compliance considerations for companies that conduct business with North Korean trading partners, including China, India and Russia.

Overview of Recent Developments

Since President Trump's inauguration, North Korea and the international community have been engaged in a series of provocations and retaliatory actions. Beginning in February and continuing through mid-2017, North Korea test-fired several ballistic missiles, including missiles fired over the Sea of Japan. On June 19, University of