Prohibition against entering into financial transactions or providing financial assistance, services, etc., in relation to designated export items
6.—(1)  No financial institution shall, directly or indirectly (including through any provider of any brokering or other intermediary services) —
(a)enter into any financial transaction with; or
(b)provide, facilitate the provision of, or procure the provision of any financial assistance or services to,
any person which relates to the provision, manufacture, maintenance or use of any designated export item procured by —
(i)the Democratic People’s Republic of Korea;
(ii)any person in the Democratic People’s Republic of Korea; or
(iii)any national of the Democratic People’s Republic of Korea.
[S 632/2013 wef 02/10/2013]
(2)  For the purposes of this regulation, a designated export item shall not include small arms and light weapons and their related matériel.