Latest Office of Foreign Assets Control (OFAC) News & Updates

US Tightens Export Rules for Medical Devices to North Korea

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Washington, June 13 (IANS) The US Treasury Department has published a list of medical devices requiring “specific authorisation” for export to North Korea, a Federal Register notice showed, apparently tightening licensing requirements for the items amid North Korea’s advancing nuclear and missile threats.On Thursday, the department’s Office of Foreign Assets Control (OFAC) released the list of medical devices that may not be exported or reexported to North Korea under a general license that auth…