September 19, 2024
Implementation of Security Council Resolution on Democratic People‘s Republic of Korea (Amendment) Order, 2021: Updates to UNSC’s 1718
Sanctions List of Designated Individuals and Entities: Amendment in 01 entry
- Clause 51 of the SEBI Master Circular Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) / Obligations of Securities Market Intermediaries under the Prevention of Money Laundering Act, 2002 and Rules framed there under dated June 06, 2024 inter-alia states that registered intermediaries should ensure that accounts are not opened in the name of anyone whose name appears in 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 (UNSC) Resolutions. Registered intermediaries shall continuously scan all existing accounts to ensure that no account is held by or linked to any of the entities or individuals included in the list.
- In this regard, on September 17, 2024, security council committee established pursuant to Resolutions 1718 (2006) concerning the Democratic People’s Republic of Korea (DPRK), enacted the amendments in 01 entry (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/sc15823.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-consolidated- list
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. The link of the same is as under: https://www.mea.gov.in/Implementation-of-UNSC-Sanctions-DPRK.htm
Annexure
SC/15823 17 September 2024
Security Council 1718 Sanctions Committee Amends One Entry on Its Sanctions List
On 17 September 2024, the Security Council Committee established pursuant to resolution 1718 (2006) enacted the amendments, specified with strikethrough and/or underline, in the entry below on its Sanctions List of individuals and entities.
- Individuals
KPi.076 Name: 1: RI 2: PYONG CHUL 3: na 4: na Title: na Designation: a) Vice Chairman of the Workers’ Party of Korea(WPK) Central Military Commission b) Former Secretary of the Worker’s Party and Member of the Political Bureau bc) Former Alternate Member of the Political Bureau of the Workers’ Party of Korea and First Vice Director of the Munitions Industry Department DOB: 1948 POB: Good quality a.k.a.: a) Ri Pyo’ng- ch’o’l b) Ri Pyong Chol Low quality a.k.a.: na Nationality: Democratic People’s Republic of Korea Passport no: na National identification no: na Address: Democratic People’s Republic of Korea Listed on: 22 Dec. 2017 (amended on 29 Jun. 2023 and 17September 2024) Other information: Gender: male
Press releases concerning changes to the Committee’s Sanctions List maybe found in the “Press Releases” section on the Committee’s website at the following URL: https://main.un.org/securitycouncil/sanctions/1718/press-releases.
The updated version of the Committee’s Sanctions List, available in HTML, PDF and XML format, may be found at the following URL: https://main.un.org/securitycouncil/sanctions/1718/materials.
The United Nations Security Council Consolidated List is also updated following all changes made to the Committee’s Sanctions List and is accessible at the following URL: https://main.un.org/securitycouncil/content/un-sc-consolidated-list.
