Where can I verify this record?

The authoritative record is published by UK Foreign, Commonwealth & Development Office at https://sanctionslist.fcdo.gov.uk/docs/UK-Sanctions-List.xml. Kleerance indexes this data for search and audit purposes but is not the primary source.

UK-HMTorganizationThe Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019Asset freezeChartering of Ships

Is DAEDONG CREDIT BANK (DCB) on a sanctions list?

Q: Is DAEDONG CREDIT BANK (DCB) on a sanctions list?

Yes. DAEDONG CREDIT BANK (DCB) is currently indexed by Kleerance as appearing on the UK Sanctions List published by UK Foreign, Commonwealth & Development Office. Always verify against the official primary source before taking action.

Yes. DAEDONG CREDIT BANK (DCB) appears on the UK Sanctions List maintained by UK Foreign, Commonwealth & Development Office (UK). Listed on 3/2/2016.

→ Screen a different name Get audit-ready reports

Remarks

SWIFT: DCBKKPPY. Daedong Credit Bank has provided financial services to the Korea Mining Development Trading Corporation (KOMID) and Tanchon Commercial Bank. Since at least 2007, DCB has facilitated hundreds of financial transactions worth millions of dollars on behalf of KOMID and Tanchon Commercial Bank. In some cases, DCB has knowingly facilitated transactions by using deceptive financial practices.

Aliases (3)

Dae-Dong Credit Bank·akaDCB·akaTaedong Credit Bank·aka

Addresses

Suite 401, Potonggang Hotel, Ansan-Dong, Pyongchon District, Pyongyang, North Korea
Ansan-dong, Botonggang Hotel, Pongchon, Pyongyang, North Korea

What does inclusion on UK-HMT mean?

Inclusion on the UK Sanctions List, published by the FCDO and enforced by OFSI, means UK persons are required to freeze the listed party's assets and refrain from making funds or economic resources available, under the Sanctions and Anti-Money Laundering Act 2018.

This explainer is informational only, is not legal advice, and does not describe the full scope of any restriction. Always verify against the primary source and consult qualified counsel.

Frequently asked

Is DAEDONG CREDIT BANK (DCB) on a sanctions list?: Yes — indexed by Kleerance as appearing on the UK Sanctions List published by UK Foreign, Commonwealth & Development Office. Always confirm against the primary source before acting.
How current is this record?: Kleerance re-checks the source every six hours. This page reflects the most recent ingested version of the list. The publishing authority's listing date on record is 3/2/2016.
Where can I verify this record?: Directly at the publishing authority: https://sanctionslist.fcdo.gov.uk/docs/UK-Sanctions-List.xml.