Introduction
1. On 16 August 2023, the United Nations Security Council (UNSC) Committee established pursuant to resolution 1718 (2006) concerning the Democratic People's Republic of Korea amended 9 entries to its Sanctions List of individuals and entities subject to an asset freeze.
2. In accordance with the Sanctions and Asset-Freezing (Jersey) Law 2019 ("SAFL") and the Sanctions and Asset-Freezing (Implementation of External Sanctions) (Jersey) Order 2021 (the "Sanctions Order"), any asset-freeze designations made by the UNSC DPRK Sanctions Committee have immediate effect in Jersey.
Notice summary (Full details are provided in the Annex to this Notice)
3. The following entries have been amended and remain subject to an asset freeze:
What you must do
4. You must:
immediately check whether you maintain any accounts or hold any funds or economic resources for the persons set out in the Annex to this Notice.
freeze such accounts, and other funds or economic resources without notice and without delay.
refrain from dealing with the funds or assets or making them available (directly or indirectly) to such persons unless licensed by the Minister for External Relations ("MER").
report any findings to MER, together with any additional information that would facilitate compliance with SAFL.
provide any information concerning the frozen assets of designated persons that MER may request. Information reported to MER may be passed on to other regulatory authorities or law enforcement.
5. Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for designated persons, they are not required to report these details again.
6. Failure to comply with sanctions legislation or to seek to circumvent its provisions is a criminal offence.
Further Information
7. Further information on sanctions can be found on the Government of Jersey website and the Jersey Financial Services Commission (JFSC) website.
8. Jersey guidance on the Democratic People's Republic of Korea sanctions regime is available on JFSC website.
9. Copies of Jersey sanctions legislation, including the Order and SAFL, can be found on the Jersey Legal Information Board website.
10. Further details on the UN measures in respect of Democratic People's Republic of Korea can be found on the relevant UN Sanctions Committee webpage.
11. A copy of the UK Regulations can be obtained from legislation.gov.uk and other relevant information about this regime can be found on gov.uk.
12. A copy of the UK Sanctions List can be found here.
13. A copy of the UK Office of Financial Sanctions Implementation Consolidated List can be found here
Enquiries
14. Non-media enquiries, sanctions compliance reporting, and licence applications should be addressed to:
Financial Sanctions Implementation Unit
sanctions@gov.je
Annex to Notice
15. 
Annex to Financial Sanctions Notice Democratic People's Republic of Korea 17 August 2023
gov.je