Policy paper

G7 Finance Ministers Joint Statement on North Korea

A statement on North Korea’s evasion of international sanctions and its continued ability to access the international financial system.

• From: HM Treasury
• Published: 18 April 2018

This was published under the 2016 to 2019 May Conservative government

Documents

G7 Finance Ministers Joint Statement on North Korea

PDF, 39.6 KB, 1 page

Details

North Korea does little business in its own true name and uses a network of agents, front and shell companies, and complex ownership structures to access the international financial system.

The G7 calls on all countries to fully and effectively implement their UN Security Council Resolutions obligations and to engage their financial institutions so they will be on alert and take steps to implement necessary additional scrutiny to ensure that they are not processing transactions on behalf of sanctioned North Korean entities.

Published 18 April 2018