Prohibition against establishing, maintaining or operating any joint ventures or cooperative entities
8A.  Except with the prior written approval of the Authority, a financial institution must not establish, maintain, or operate any joint venture or cooperative entity, whether new or existing, with any person in, or national of, the Democratic People’s Republic of Korea, whether or not the person or national acts for or on behalf of the Government of the Democratic People’s Republic of Korea.
[S 637/2017 wef 04/11/2017]