Is KOREA KWANGSON BANKING CORPORATION (KKBC) on a sanctions list?
Yes. KOREA KWANGSON BANKING CORPORATION (KKBC) appears on the UN Security Council Consolidated List maintained by United Nations Security Council (INT). Listed on 3/2/2016.
KKBC provides financial services in support to Tanchon Commercial Bank and Korea Hyoksin Trading Corporation, a subordinate of the Korea Ryonbong General Corporation. Tanchon Commercial Bank has used KKBC to facilitate funds transfers likely amounting to millions of dollars, including transfers involving Korea Mining Development Corporation related funds.
- Jungson-dong, Sungri Street, Central District, Pyongyang, Democratic People's Republic of Korea
What does inclusion on UN-CONS mean?
Inclusion on the UN Security Council Consolidated Sanctions List obligates UN member states to apply the sanctions measures (typically asset freeze, travel ban, arms embargo) set out in the relevant Security Council resolutions.
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 KOREA KWANGSON BANKING CORPORATION (KKBC) on a sanctions list?
- Yes — indexed by Kleerance as appearing on the UN Security Council Consolidated List published by United Nations Security Council. 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://scsanctions.un.org/resources/xml/en/consolidated.xml.