Monetary Authority of Singapore (Sanctions and Freezing of Assets of Persons — Democratic People’s Republic of Korea) Regulations 2016
Table of Contents
Enacting Formula
1 Citation and commencement
2 Object
3 Application
4 Definitions
5 Prohibition against providing financial services or transferring assets or resources for nuclear-related programmes and activities, etc.
6 Prohibition against providing financial services or transferring assets or resources for procurement of certain minerals, etc.
7 Prohibition against entering into financial transactions or providing financial assistance or services, etc., in relation to designated import items or designated export items, etc.
7A Prohibition against entering into financial transactions or providing financial assistance or services, etc., in relation to designated vessels
7AA Prohibition against entering into financial transactions or providing financial assistance or services, etc., in relation to vessels used, etc., to ship any designated import item or designated export item
7B Prohibition against entering into financial transactions or providing financial assistance or services, etc., in relation to trade
8 Prohibition against certain activities in Democratic People’s Republic of Korea and transactions involving prohibited banks
8A Prohibition against establishing, maintaining or operating any joint ventures or cooperative entities
9 Assets of designated persons to be subject to asset freeze
9A Designated vessels to be subject to asset freeze
10 Assets of entities of Government of Democratic People’s Republic of Korea and Worker’s Party of Korea, etc., to be subject to asset freeze
10A Bank accounts opened by Democratic People’s Republic of Korea’s diplomatic or consular officer, etc.
11 General prohibition
12 Duty to provide information
13 Revocation and transitional provision