OFAC adds six North Korean nationals and a Russian-linked entity to SDN list
Effective October 28, 2026, the listed individuals and the First Financial and Technical Development Center are subject to blocked property and U.S. transaction prohibitions.
On October 28, 2026, the Office of Foreign Assets Control issued a notice that the property and interests in property of the persons identified below are blocked under the relevant sanctions authorities, and U.S. persons are generally prohibited from engaging in transactions with them.
The notice lists six individuals - Han Yu Song, Hyon Se Il, Kim Sung Gwan, Kim Kyong Ju, Ri Thae Chol, and So Hyong Jin - all born between 1999 and 2002 in Pyongyang, North Korea, holding North Korean passports issued in 2025 and expiring in 2030. Each is identified as a Russian national and is subject to secondary sanctions risk under the North Korea Sanctions Regulations, sections 510.201, 510.210, and 510.214.
The entity designated is First Financial and Technical Development Center, located in North Korea and Vladivostok, Russia. It is classified under Financial and Insurance Activities and was established in January 2024. The designation cites involvement in the exportation of workers from North Korea to generate revenue for the Government of North Korea or the Workers' Party of Korea.
All designations were made pursuant to section 2(a)(vii) of Executive Order 13722 for the individuals and section 2(a)(iv) of the same order for the entity, with authority also drawn from Executive Order 13687.
The SDN List and additional information are available on OFAC's website at https://ofac.treasury.gov. For further assistance, contact the Associate Director for Global Targeting (202-622-2420) or the Assistant Director for Sanctions Compliance (202-622-2490).
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