Hogan Lovells Publications | International Trade and Investment Alert | 27 July 2018

Companies should beware of hidden supply chain dangers - North Korean labor

On 23 July 2018, several U.S. agencies, including the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) and the Department of Homeland Security (DHS), published an advisory to highlight sanctions evasion tactics used by North Korea. These evasion tactics could expose businesses, including manufacturers, buyers, and service providers, to sanctions compliance risks under U.S. and United Nations (U.N.) sanctions authorities.

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