January 08, 2024
Implementation of Section 12A of Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005: Updates to UNSC’s 1718 Sanctions List of Designated Individuals and Entities: Amendment in 02 entries
1. Clause 2 of SEBI Circular ‘Procedure for implementation of Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005 – Directions to stock exchanges and registered intermediaries’ dated April 26, 2023 states that “The procedure laid down in the Ministry of Finance Order dated January 30, 20231 (Annexed in Clause 1 of the circular) shall be strictly followed and meticulous compliance with the Order issued by the Government shall be ensured.” Further, Clause 4 of the aforementioned Circular states that, “Details of accounts resembling any of the individuals/entities in the designated lists shall be reported to the Central Nodal Officer – The Director, FIUIndia as required under Order dated January 30, 2023”.
2. In this regard, on January 05, 2024, United Nation Security Council Committee established pursuant to Resolutions 1718 (2006) concerning the Democratic People’s Republic of Korea (DPRK), enacted the amendments in 02 entries (place at Annexure-1) on its list of individuals and entities.
The UNSC press release concerning the list of amended entries is available at URL: https://press.un.org/en/2024/sc15555.doc.htm
3. An updated list of individuals and entities which are subject to various sanction measures such as freezing of assets/accounts, denial of financial services etc., as approved by the Security Council Committee established pursuant to various United Nations’ Security Council Resolutions (UNSCRs) can be accessed at its website at https://www.un.org/securitycouncil/content/un–sc–consolidatedlist
The updated UNSC 1718 Sanctions List, which includes names of individuals and entities associated with the DPRK is available at:
https://www.un.org/securitycouncil/sanctions/1718/materials
4. Stock exchanges, Depositories, AMFI, KRAs and Registered intermediaries are advised to note the above said information and take measures in line with the relevant laws and regulations of Government of India, to implement the NonProliferation Orders with respect to the updated lists of the UNSC Resolution 1718 Sanctions committee.
Annexure
Note SC/15555
January 05, 2024
On 5 January 2024, the Security Council Committee established pursuant to resolution 1718 (2006) enacted the amendments, specified with strikethrough and underline, in the entries below on its Sanctions List of individuals and entities.
Entities and other groups
1. 007 Name: GENERAL BUREAU OF ATOMIC ENERGY (GBAE) A.k.a.: General Department of AtomicEnergy(GDAE) F.k.a.: na
Address: Haeudong, Pyongchen District, Pyongyang, Democratic People’s Republic of Korea Listed on: 16 Jul. 2009 ( amended on 5 January 2024) Other information: The GBAE is responsible for the DPRK’s nuclear program, which includes the Yongbyon Nuclear Research Center and its 5 Mwe (25 MWt) plutonium production research reactor, as well as its fuel fabrication and reprocessing facilities. The GBAE has held nuclear-related meetings and discussions with the International Atomic Energy Agency. GBAE is the primary DPRK government agency that oversees nuclear programs, including the operation of the Yongbyon Nuclear Research Center. Changed name as Ministry of Atomic Energy Industry (KPe.027) in 2013.
2. 021 Name: ACADEMY OF NATIONAL DEFENSE SCIENCE A.k.a.: naSecond Academy of Natural Sciences (KPe.018) F.k.a.: na
Address: Pyongyang, Democratic People’s Republic of Korea Listed on: 2 Mar. 2016 (amended on 5 January 2024) Other information: The Academy of National Defense Science is involved in the DPRK’s efforts to advance the development of its ballistic missile and nuclear weapons programs.
