Analysis The U.S. Treasury’s “hand-to-hand combat”: how the new sanctions workThe new EO gives authorities an unprecedented set of tools As the war of words heated up once again between U.S. President Donald Trump and North Korean leader Kim Jong Un, the White House released a new Executive Order (EO) imposing blistering new sanctions on North Korea. The Executive Order (EO) aims to beef up the Treasury Department’s strike capacity in what it has described as its “hand-to-hand financial combat with North Korea’s illicit networks.” The new set of provisions aim to ratchet up the pressure on North Korea by severing the Kim regime’s financial lifelines, arming the Treasury with an expansive set © Korea Risk Group. All rights reserved. |