South Korea imposes sanctions on 18 North Koreans, a day before Trump visit

From Reuters - November 5, 2017

SEOUL (Reuters) - South Korea imposed unilateral sanctions on 18 North Koreans on Monday, barring any financial transactions between those sanctioned and any South Koreans, as part of international efforts to dry up Pyongyangs illegal cash flows.

All 18 individuals on which the South Korean sanctions were imposed were directly affiliated to North Korean banks, according to an official government announcement by the finance minister uploaded on the Interior Ministrys website.

They are all people at North Korean financial institutions that have already been sanctioned by the United Nations, a government official directly involved in the sanction development process told Reuters. The official asked for anonymity as he was not authorized to speak to media.

Theyre high-ranking employees who have been linked to North Koreas nuclear and missile development program as well as the Norths foreign exchange procurement efforts.

The announcement came a day ahead of U.S. President Donald Trumps visit to South Korea as part of his Asia tour, where he is expected to discuss North Koreas nuclear and missile program at length with government officials here.

When asked on the timing of the announcement, government officials denied it was tied to Trumps visit to Seoul.


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