How North Korea Slips the Sanctions Net – Insights from the UN Panel of Experts Briefing
Featured Speakers :
Aaron Arnold is currently the finance expert on the UN Panel of Experts for DPRK sanctions. Prior to this appointment Aaron was a fellow with the Project on Managing the Atom at Harvard Kennedy School’s Belfer Center, where his work focused on sanctions and WMD trade controls. Aaron also spent nine years as a non-proliferation and counter-proliferation subject matter expert at the U.S. Department of Defense and U.S. Justice Department, where he specialized in WMD counter-proliferation investigations and operations, with an emphasis on threat finance and sanctions evasion.
Paulina Izewicz is a Senior Research Associate at the James Martin Center for Nonproliferation Studies, Middlebury Institute of International Studies at Monterey. Her work focuses on maritime sanctions and North Korea’s sanctions evasion, particularly in the maritime domain. In that capacity, since 2018, she has provided sanctions compliance training to flag registries and other maritime stakeholders in Latin America, Africa, Asia, and the Pacific Islands.
Complimentary webinar, presented by ACFCS in association with Global Affairs Canada
The third in a five-part series focuses on counter-proliferation financing risks, presented in association with Global Affairs Canada
The presentation provides simultaneous translation into Spanish
Countering sanctions evasion by the self-styled Democratic People’s Republic of North Korea has long been a priority of the financial sector and many governments worldwide. Recent reports that North Korea is re-activating a dormant reactor used for its nuclear weapons program are certain to add urgency, but serious challenges remain.
North Korea still has a wide variety of tools at its disposal to raise funds, conceal transactions and slip the sanctions net. What’s more, the North Korean government and its facilitators are constantly adapting existing methods and adding new ones to their toolkit. This means financial institutions must be equally vigilant and adaptive in their detection and prevention.
In this session, hear insights from the latest United Nations Panel of Experts report on DPRK sanctions, shortly after it’s issued. The presentation will cover:
- Current techniques being used by the North Korean government to raise funds, conduct trade and move value in contravention of international sanctions
- New and emerging risk areas in sanctions evasion typologies, including a focus on maritime activity
- Key considerations for the financial sector
- And much more
This session is eligible for 1.5 CFCS credits.
Important note for ACFCS members: Please register using the same email address tied to your member account.