Nex Systems
Company

Daedong Credit Bank

Counter-sanctioned entity

North Korea. Named in 21 sanctions listings.

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Summary

Entity structure as published: Tüzel Kişi/Kuruluş/Organizasyon

"Daedong Credit Bank (DCB) has provided financial services to the Korea Mining Development Trading Corporation (KOMID. KPe.001) and Tanchon Commercial Bank (KPe.003). Since at least 2007, DCB has facilitated hundreds of financial transactions worth millions of dollars on behalf of KOMID and Tanchon Commercial Bank. In some cases, DCB has knowingly facilitated transactions by using deceptive financial practices."

"additional North Korean financial institutions, including Korea Kwangson Banking Corporation (KKBC), Foreign Trade Bank (FTB), and Daedong Credit Bank (DCB), were subsequently designated pursuant to E.O. 13382"; "The UN listed DCB under UNSCR 2270 in March 2016"; "Since at least 2007, DCB has facilitated hundreds of financial transactions worth millions of dollars on behalf of designated actors, KOMID and TCB"

(Date of UN designation: 2016-03-02) (Daedong Credit Bank has provided financial services to the Korea Mining Development Trading Corporation (KOMID) and Tanchon Commercial Bank.)

SWIFT:DCBKKPPY

SWIFT: DCBK KPPY

Adresse : suite 401, hôtel Potonggang Hotel, Ansan-Dong, Pyongchon District, Pyongyang, RPDC, Ansan-dong, Botonggang Hotel, Pongchon, Pyongyang, RPDC SWIFT : DCBKKPPY

décision du comité des sanctions des Nations unies du 26/07/2022 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509) (FondementJuridique: 2418)

SWIFT: DCBKKPPY

SWIFT: DCBKKPPY. Daedong Credit Bank has provided financial services to the Korea Mining Development Trading Corporation (KOMID) and Tanchon Commercial Bank. Since at least 2007, DCB has facilitated hundreds of financial transactions worth millions of dollars on behalf of KOMID and Tanchon Commercial Bank. In some cases, DCB has knowingly facilitated transactions by using deceptive financial practices.

Décision du comité de sanction des Nations unies du 02/03/2016 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509) (FondementJuridique: 364)

a fourni des services financiers à la Korea Mining Development Trading Corporation (KOMID) et à la Tanchon Commercial Bank. Depuis 2007 au moins, la DCB a facilité des centaines de transactions financières représentant des millions de dollars au nom de la KOMID et de la Tanchon Commercial Bank. Dans certains cas, elle a recouru à des pratiques financières frauduleuses

(also DAEDONG CREDIT BANK)

(UE) 2022/1503 du 09/09/2022 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509) (FondementJuridique: 2433)

Other information: SWIFT: DCBK KKPY. Daedong Credit Bank has provided financial services to the Korea Mining Development Trading Corporation (KOMID) and Tanchon Commercial Bank. Since at least 2007, DCB has facilitated hundreds of financial transactions worth millions of dollars on behalf of KOMID and Tanchon Commercial Bank. In some cases, DCB has knowingly facilitated transactions by using deceptive financial practices

Daedong Credit Bank has provided financial services to the Korea Mining Development Trading Corporation (KOMID) and Tanchon Commercial Bank.

Name DCB: Daedong Credit Bank

(UE) 2017/1509 du 30/08/2017 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509) (FondementJuridique: 421)

SWIFT：DCBKKPPY

Daedong Credit Bank has provided financial services to the Korea Mining Development Trading Corporation (KOMID) and Tanchon Commercial Bank. Since at least 2007, DCB has facilitated hundreds of financial transactions worth millions of dollars on behalf of KOMID and Tanchon Commercial Bank. In some cases, DCB has knowingly facilitated transactions by using deceptive financial practices.

(also TAEDONG CREDIT BANK, DAE-DONG CREDIT BANK, DCB)

Daedong Credit Bank

KPe.023. SWIFT: DCBKKPPY. Daedong Credit Bank has provided financial services to the Korea Mining Development Trading Corporation (KOMID) and Tanchon Commercial Bank. Since at least 2007, DCB has facilitated hundreds of financial transactions worth millions of dollars on behalf of KOMID and Tanchon Commercial Bank. In some cases, DCB has knowingly facilitated transactions by using deceptive financial practices.

Sanctions and listings21

  • Listed
    27 Jun 2013

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

  • Comitetul Consiliului de Securitate al ONU instituit prin Rezoluția 1718 (2006) - RPDC

    Centrul Antiterorist al Serviciului de Informaţii şi Securitate al Republicii MoldovaMoldovan Sanctions for Terrorism and Proliferation of WMDMoldova

    antiteror.sis.md

  • North Korea Sanctions - Décision du comité de sanction des Nations unies du 02/03/2016 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509); (UE) 2022/1503 du 09/09/2022 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509); décision du comité des sanctions des Nations unies du 26/07/2022 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509); (UE) 2017/1509 du 30/08/2017 (ONU Corée du Nord - RCSNU 1718 (2006) et R (UE) 2017/1509)

    Direction Générale du TrésorFrench National Asset Freezing SystemFrance

    a fourni des services financiers à la Korea Mining Development Trading Corporation (KOMID) et à la Tanchon Commercial Bank. Depuis 2007 au moins, la DCB a facilité des centaines de transactions financières représentant des millions de dollars au nom de la KOMID et de la Tanchon Commercial Bank. Dans certains cas, elle a recouru à des pratiques financières frauduleuses

    Programme UN-SC1718Reference KPe.023gels-avoirs.dgtresor.gouv.frun.org

  • Listed
    27 Jun 2013

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

  • Listed
    4 Mar 2016; 12 May 2020; 27 Jul 2022; 15 Apr 2025
    Effective
    4 Mar 2016; 26 Jul 2022; 15 Apr 2025; 11 May 2020

    Measures Against North Korea - Ordinance of 18 May 2016 on measures against North Korea (SR 946.231.127.6), annexes 1 et 6

    State Secretariat for Economic AffairsSwiss SECO Sanctions/EmbargoesSwitzerland

    Programme SECO-NORTHKOREAReference 33903Reference KPe.023seco.admin.chseco.admin.ch

  • Listed
    2 Mar 2016

    North Korea Sanctions - DPRK

    United Nations Security CouncilUN Security Council Consolidated Sanctions

    Programme UN-SC1718Reference KPe.023Last updated 26 Jul 2022un.orgun.org

  • Listed
    27 Jun 2013

    Non-Proliferation Sanctions - NPWMD

    Office of Foreign Assets ControlUS OFAC Specially Designated Nationals (SDN) ListUnited States

    NPWMD and block

    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 13382 (Non-proliferation)

    Programme US-NON-PROLIFReference 16085treasury.govofac.treasury.gov

  • Listed
    2 Mar 2016

    Official designation

    Financial Intelligence CentreSouth Africa Targeted Financial SanctionsSouth Africa

    Reference KPe.023fic.gov.za

  • Listed
    5 Mar 2016; 12 Sep 2022

    EU Restrictive Measures In Relation To The Non-Proliferation Of The Weapons Of Mass Destruction (WMD)

    Federal Public Service FinanceBelgian Financial SanctionsBelgium

    2016/315 (OJ L60)

    2022/1503 (OJ L235)

    Programme EU-PRKfinance.belgium.besanctionsmap.eu

  • North Korea Sanctions - 1718 (DPRK)

    Department of Foreign Affairs and TradeAustralian Sanctions Consolidated ListAustralia

    Targeted financial sanction and travel ban

    Listed on: 2 Mar. 2016 (amended on 26 Jul. 2022)

    Programme UN-SC1718Last updated 20 Feb 2026dfat.gov.auun.org

  • Effective
    2 Mar 2016

    UK sanctions relating to the Democratic People’s Republic of Korea - The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019

    Foreign, Commonwealth & Development Office; UNUK FCDO Sanctions ListUnited Kingdom

    Chartering of Ships, prevention of business arrangements, asset freeze, crew servicing of ships and aircraft, closure of representative offices and prohibition of port entry

    Programme GB-DPRKReference 13341Reference DPR0131Reference KPe.023Last updated 1 Aug 2022gov.ukgov.uk

  • Listed
    2 Mar 2016

    DPRK

    Ministerio de JusticiaArgentina RePET SanctionsArgentina

    Referencia publicada: KPe.023

    Reference KPe.023Last updated 26 Jul 2022repet.jus.gob.ar

  • Listed
    24 Feb 2021; 2 Mar 2016

    Asset freezes within the scope of Articles 3.A and 3.B of Law No. 7262, aimed at preventing the financing of the proliferation of weapons of mass destruction.

    Republic of Türkiye Ministry of Treasury and Finance - Financial Crimes Investigation BoardTürkiye Asset Freezing Sanctions List (MASAK)Turkey

    Official Gazette as published: 24.02.2021-31405

    Decision as published: 24.2.2021/3578

    ms.hmb.gov.tren.hmb.gov.tr

  • Listed
    18 Feb 2025
    Effective
    27 Jun 2013

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

  • Listed
    28 Jul 2022

    РБ ООН (Комітет 1718 (2006))

    State Finance Monitoring ServiceUkraine SFMS BlacklistUkraine

    fiu.gov.ua

  • Official designation

    Ministry of Economy, Trade and IndustryJapan METI End User ListJapan

    Weapon Types: Biological, Chemical, Missile, Nuclear

    meti.go.jpmeti.go.jp

  • Listed
    12 Sep 2022
    Effective
    2 Mar 2016

    EU Restrictive Measures In Relation To The Non-Proliferation Of The Weapons Of Mass Destruction (WMD) - PRK

    Directorate‑General for Financial Stability, Financial Services and Capital Markets UnionEU Financial Sanctions Files (FSF)European Union

    Designation date published: 2016-03-02

    regulationType=amendment; organisationType=council

    2022/1503 (OJ L235)

    Programme EU-PRKReference EU.4199.48eur-lex.europa.eusanctionsmap.eu

  • Official designation

    La Principauté de MonacoMonaco National Fund Freezing ListMonaco

    (UE) 2017/1509 du 30/08/2017, (ue) 2022/1503 du 09/09/2022, décision du comité de sanction des nations unies du 02/03/2016 and décision du comité des sanctions des nations unies du 26/07/2022

    Autorité de désignation publiée : Organisation des Nations unies

    Fournit des services financiers à la Korea Mining Development Trading Corporation (KOMID) et à la Tanchon Commercial Bank. Depuis 2007 au moins, la DCB a facilité des centaines de transactions financières représentant des millions de dollars au nom de la KOMID et de la Tanchon Commercial Bank. Dans certains cas, elle a recouru à des pratiques financières frauduleuses.

    geldefonds.gouv.mc

  • Effective
    12 Jul 2018

    Official designation

    Isreali Ministry of FinanceIsrael Prevention of Distribution and Financing of WMDs designations

    Last updated 12 Mar 2018gov.il

  • Effective
    11 Mar 2016; 30 Aug 2013

    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; 北朝鮮に関連する国際連合安全保障理事会決議に基づく資産凍結等の措置の対象となる者（団体）

    Ministry of FinanceJapan Economic Sanctions and List of Eligible PeopleJapan

    notification_date as published: 2022.8.3改訂

    notification_date as published: 2016.3.11改訂

    Reference 2(#23)Reference #23Last updated 3 Aug 2022mof.go.jp

  • Listed
    27 Jun 2013

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

Connections32

Members and officers2

  • Chol Sam KimCounter-sanctioned entitySanctionedDebarredExport controlled
    Treasurer
    Born 11 Mar 1971North Korea
  • Nigel Richard James Cowie
    Former Chief Executive Officer and General Manager
    South Korea

Owns1

  • DCB Finance LimitedCounter-sanctioned entitySanctionedDebarredExport controlledPerson of interest
    Share not stated
    Parent companyChinaBritish Virgin IslandsNorth Korea

Other links29

Identifiers1

IdentifierNumber
SWIFT / BICDCBKKPPY

Other names14

Also known as13

Taedong Credit BankPerigrine-Daesong Development Bank대동신용은행Peregreine Daesong Development Bankディー・シー・ビー；テドン・クレジット・バンクDae-Dong Credit BankTAEDONG CREDIT BANKDAE-DONG CREDIT BANKDaedong Credit Bank (DCB)DAEDONG CREDIT BANK (DCB)مصرف Daedong Credit Bankデドン・クレジット・バンクDAEDONG CREDIT BANK

Weak aliases1

Spellings the source flags as too generic to establish a match on their own.

DCB

Addresses23

  • Suite 401, Potonggang Hotel, Ansan-Dong, Pyongyang, DPR Korea

  • Ansan-dong, Botonggang Hotel, Pyongyang, North Korea

  • Ansan-dong, Botonggang Hotel, Pongchon, Pyongyang, Democratic People's Republic of Korea

  • 北朝鮮平壌特別市平川区鞍山洞普通江ホテルスイート401；北朝鮮平壌特別市平川区鞍山洞普通江ホテル

  • Pyongyang, North Korea

  • Ansan-dong, Botonggang Hotel, Pongchon, Pyongyang, North Korea

  • suite 401, hôtel Potonggang Hotel, Ansan-Dong, Pyongchon District, Pyongyang, RPDC

  • Suite 401, Potonggang Hotel, Ansan-Dong, Pyongchon District, Pyongyang, Democratic People's Republic of Korea

  • Ansan-dong, Botonggang Hotel, Pongchon Pyongyang Democratic People's Republic of Korea

  • Ansan-dong, Botongang Hotel, Pongchon, Pyongyang

  • Ansan-dong, Botonggang Hotel, Pongchon, Pyongyang, RPDC

  • Ansan-dong, Botongang Hotel, Pongchon Pyongyang Korea, North

  • Suite 401, Potonggang Hotel, Ansan- Dong, Pyongchon District, Pyongyang, Kore Demokratik Halk Cumhuriyeti

  • SUITE 401, POTONGGANG HOTEL, ANSAN-DONG, PYONGCHON DISTRICT, PYONGYANG

  • Suite 401, Potonggang Hotel, Ansan-Dong, Pyongchon District, Pyongyang, North Korea

  • Ansan-dong, Botonggang Hotel, Pyongyang, DPR Korea

  • Ansan-dong, Botonggang Hotel, Pongchon Pyongyang Democratic Peoples Republic of Korea, Suite 401, Potonggang Hotel, Ansan-Dong, Pyongchon District Pyongyang Democratic Peoples Republic of Korea

  • Suite 401, Potonggang Hotel, Ansan-Dong, Pyongchon District Pyongyang Korea, North

  • Botonggang Hotel, Ansan-dong, Pongchon, Pyongyang, KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF

  • Suite 401, Potonggang Hotel, Ansan-Dong, Pyongchon District Pyongyang Democratic People's Republic of Korea

  • Ansandong, Botonggang Hotel, Pongchon, Pyongyang, Kore Demokratik Halk Cumhuriyeti

  • Suite 401, Potonggang Hotel, Ansan-Dong, Pyongyang, North Korea

  • Suite 401, Potonggang Hotel, Ansan-Dong, Pyongchon District, Pyongyang, KOREA, DEMOCRATIC PEOPLE'S REPUBLIC OF

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