Kumgang Bank
Sanctioned entityNorth Korea. Named in 4 sanctions listings.
Summary
Kumgang bank was established as a specialized bank to settle accounts for export-import transactions of various trading corporations of the DPRK. Associated with Korea Ponghwa General Corporation and Korea Pyongyang Trading Company. Described as a window of the Foreign Trade Bank of the DPRK (KPe.047).
Financial institution of the DPRK, which is involved in business operations in the United Arab Emirates and China. Associated with Korea Ponghwa General Corporation (under the External Economic Committee of the Cabinet) and Korea Pyongyang Trading Company.
all offices worldwide
SWIFT/BIC：KMBKKPPY
Sanctions and listings4
- Effective
- 15 Dec 2017
国際平和のための国際的な努力に我が国として寄与するために講ずる資産凍結等の措置の対象となる
Ministry of FinanceJapan Economic Sanctions and List of Eligible PeopleJapan
Reference 50mof.go.jp
- Listed
- 26 Jan 2017
- Effective
- 2 Dec 2016
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
- Listed
- 26 Jan 2017
- Effective
- 2 Dec 2016
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
- Listed
- 2 Dec 2016
North Korea Sanctions - DPRK3
Office of Foreign Assets ControlUS OFAC Specially Designated Nationals (SDN) ListUnited States
Block and DPRK3
Secondary sanctions risk: North Korea Sanctions Regulations, sections 510.201 and 510.210
Transactions Prohibited For Persons Owned or Controlled By U.S. Financial Institutions: North Korea Sanctions Regulations section 510.214
Executive Order 13722 (North Korea)
Programme US-NKReference 20571treasury.govofac.treasury.gov
Connections13
Members and officers8
- Representative based in Dubai, UAEBorn 28 Mar 1964North Korea
- Sung Jun CHASanctionedDebarredExport controlledRepresentative based in Beijing, ChinaBorn 4 Jun 1966ChinaNorth Korea
- Hui-bong RyomSanctionedDebarredExport controlledRepresentative based in Dubai, UAEBorn 18 Sep 1961United Arab EmiratesNorth Korea
- Representative based in the UAEBorn 26 May 1983North Korea
- Representative in Beijing, ChinaChinaNorth Korea
- Jong Sam PaekSanctionedDebarredExport controlledRepresentativeBorn 17 Jan 1964ChinaNorth Korea
Other links5
- PersonCh'o'l-man HANSanctionedDebarredExport controlledRepresented by"Acting for or on behalf of"Born 6 May 1978ChinaNorth Korea
- OrganizationKorea Ponghwa General CorporationLinked from"Associated. Kumgang Bank is used to settle accounts for export-import transactions from Pongwha"North Korea
- OrganizationForeign Trade Bank of the Democratic People's Republic of KoreaCounter-sanctioned entitySanctionedDebarredExport controlledPerson of interestLinked to"Kumgang Bank is described as a "window" of the Foreign Trade Bank"North Korea
- OrganizationKorea Ponghwa General CorporationLinked to"Associated"North Korea
- OrganizationKorea Pyongyang Trading CompanyLinked to"Associated"
Identifiers1
| Identifier | Number |
|---|---|
| SWIFT / BIC | KMBKKPPY |
Other names8
Also known as8
Addresses5
Pyongyang, North Korea
Kumgang Bank Building, Jungsong-don, Pyongyang
Kumgang Bank Building, Jungsong-don Pyongyang Korea, North
北朝鮮平壌特別市中城洞クムガン・バンク・ビルディング
Kumgang Bank Building, Central District, Pyongyang
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