The United States Department of the Treasury has unveiled sanctions on a Chinese shipping company and two Chinese nationals, as well as proposing the exclusion of a Chinese bank from the U.S. financial system, in a new round of North Korea-focused sanctions on Thursday.
The measures against a shipping company and two individuals are pursuant to Executive Orders while the proposal to designate the Bank of Dandong as a financial institution of primary money laundering concern is pursuant to Section 311 of the Patriot Act.
The United States Department of the Treasury has unveiled sanctions on a Chinese shipping company and two Chinese nationals, as well as proposing the exclusion of a Chinese bank from the U.S. financial system, in a new round of North Korea-focused sanctions on Thursday.
The measures against a shipping company and two individuals are pursuant to Executive Orders while the proposal to designate the Bank of Dandong as a financial institution of primary money laundering concern is pursuant to Section 311 of the Patriot Act.
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