Sec. 3. Definitions

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In this Act: The terms account , correspondent account , and payable-through account have the meanings given those terms, respectively, under section 5318A of title 31, United States Code. The term appropriate congressional committees means— the Committee on Foreign Affairs and the Committee on Financial Services of the House of Representatives; and the Committee on Foreign Relations and the Committee on Banking, Housing, and Urban Affairs of the Senate. The term censorship means, with respect to North Korea, activities that— prohibit, limit, or penalize the exercise of freedom of expression or assembly by citizens of North Korea; or limit access to print or broadcast media, including the facilitation or support of intentional frequency manipulation by the Government of North Korea that would jam or restrict an international signal.

The term designated person means a person, foreign government, or financial institution designated by the President under subsection (a), (b), (c), or

(d)of section 104 for purposes of applying the sanctions described in title II (as applicable) with respect to the person, foreign government, or financial institution. The term domestic financial institution has the meaning given such term in section 5312 of title 31, United States Code. The term facilitate means, with respect to any of the activities described in section 104(a), to— provide material support to, aid, abet, attempt, or conspire to commit the activity; conceal any evidence, proceeds, or instrumentalities of the activity; possess, receive, exchange, or transmit the proceeds, instrumentalities, or other property involved in the activity; sell, lease, or provide a vessel or conveyance, to register of reflag a vessel or conveyance, or provide insurance or reinsurance or any other shipping service in furtherance of the activity; or engage in any act with the purpose of causing the activity to occur. Nothing in this paragraph shall be construed to apply with respect to the provision of specialized financial messaging services (as described in section 202). The term financial institution means a financial institution specified in subparagraph (A), (B), (C), (D), (E), (F), (G), (H), (I), (J), (M), or

(Y)of section 5312(a)(2) of title 31, United States Code. The term financial transaction has the meaning given such term in section 1956 of title 18, United States Code. The term foreign government has the meaning given the term foreign state in section 1603 of title 28, United States Code. The term Government of North Korea means— the Government of North Korea; any political subdivision, agency, or instrumentality thereof; the National Defense Commission of North Korea and its members; and any person owned or controlled by, or acting for or on behalf of, the Government of North Korea. The term instrumentalities includes, with respect to any of the activities described in section 104(a)— any property other than proceeds of such transaction which is also part of the subject matter of such transaction; any property used to facilitate such transaction, including any article, container, or conveyance used, or intended to be used, to facilitate such transaction; and any property other than the proceeds of such transaction that is involved in or used to facilitate such transaction. The term international terrorism has the meaning given such term in section 2331 of title 18, United States Code. The term luxury goods has the meaning given such term in subpart 746.4 of title 15, Code of Federal Regulations, and includes the items listed in Supplement No. 1 to such regulation, and any similar items. The term monetary instrument has the meaning given such term under section 5312 of title 31, United States Code, and also includes— stored value cards, tangible or intangible prepaid access devices, or other instruments or devices for the electronic storage or transmission of value, as defined in part 1010 of title 31, Code of Federal Regulations; and any covered goods, as defined in section 1027.100 of title 31, Code of Federal Regulations, and any instrument or tangible or intangible access device use for the electronic storage and transmission of a representation of covered goods. The term North Korean financial institution means— a financial institution organized under the laws of North Korea or any jurisdiction within North Korea, including a foreign branch of such an institution; a financial institution located in North Korea, except as may be excluded from such definition by the President in accordance with section 207(d); a financial institution, wherever located, owned or controlled by the Government of North Korea; or a financial institution, wherever located, owned or controlled by a financial institution described in subparagraph (A), (B), or (C). The term North Korean property includes any funds, financial assets, technology, property, or resources that are owned or controlled, directly or indirectly, by the Government of North Korea. The term person means— a natural person; a corporation, business association, partnership, association, society, trust, financial institution, joint venture, corporation, group, subgroup, agency, insurer, underwriter, guarantor, and any other business organization, any other nongovernmental entity, organization, or group, and any governmental entity operating as a business enterprise; and a successor to any entity described in subparagraph (B). The term proceeds has the meaning given such term in section 1956 of title 18, United States Code. The term serious human rights abuse includes genocide, slavery, kidnaping, peonage, murder, torture, and aggravated sexual abuse, as those terms are described and made punishable under part I of title 18, United States Code, when carried out by the Government of North Korea, without regard to whether such conduct is within the criminal jurisdiction of the United States. The term specified unlawful activity has the meaning given such term in section 1956 of title 18, United States Code. The term transaction has the meaning given such term in section 1956 of title 18, United States Code. The term United States person means— a natural person who is a citizen of the United States or who owes permanent allegiance to the United States; and a corporation or other legal entity which is organized under the laws of the United States, any State or territory thereof, or the District of Columbia, if a natural person described in subparagraph

(A)owns, directly or indirectly, more than 50 percent of the outstanding capital stock or other beneficial interest in such corporation or other legal entity.