In an article published by PaymentsCompliance on November 10, 2017, Bass, Berry & Sims attorney Thad McBride commented on expanded sanctions the United States has imposed against North Korea. These newest sanctions prohibit access to the U.S. financial system for certain entities found to be aiding North Korea. According to Thad, “the recent U.S. sanctions actions related to North Korea seem to target non-North Korean actors that are operating in the country — especially Chinese entities and individuals, though also several Russian actors. The U.S. government seems to be applying pressure to countries and entities that continue to trade with North Korea, and making it harder for those countries or entities to do business with U.S. and European financial institutions.”
The full article, “Firms Under Pressure as U.S. Extends North Korea Sanctions,” was published by PaymentsCompliance on November 10, 2017, and is available online.