Sec. 6934. Report on financial networks and financial methods of the Government of North Korea
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Not later than 180 days after the date of the enactment of this Act, and annually thereafter through 2025, the President shall submit to the appropriate congressional committees a report on sources of external support for the Government of North Korea that includes— a description of the methods used by the Government of North Korea to deal in, transact in, or conceal the ownership, control, or origin of goods and services exported by North Korea; an assessment of the relationship between the proliferation of weapons of mass destruction by the Government of North Korea and the financial industry or financial institutions; an assessment of the relationship between the acquisition by the Government of North Korea of military expertise, equipment, and technology and the financial industry or financial institutions; a description of the export by any person to the United States of goods, services, or technology that are made with significant amounts of North Korean labor, material, or goods, including minerals, manufacturing, seafood, overseas labor, or other exports from North Korea; an assessment of the involvement of any person in human trafficking involving citizens or nationals of North Korea; a description of how the President plans to address the flow of funds generated by activities described in subparagraphs
(A)through (E), including through the use of sanctions or other means; an assessment of the extent to which the Government of North Korea engages in criminal activities, including money laundering, to support that Government; information relating to the identification, blocking, and release of property described in section 201B(b)(1) of the North Korea Sanctions and Policy Enhancement Act of 2016, as added by section 1721; a description of the metrics used to measure the effectiveness of law enforcement and diplomatic initiatives of Federal, State, and foreign governments to comply with the provisions of applicable United Nations Security Council resolutions; and an assessment of the effectiveness of programs within the financial industry to ensure compliance with United States sanctions, applicable United Nations Security Council resolutions, and applicable Executive orders. Each report required by paragraph
(1)shall be submitted in unclassified form but may include a classified annex. The President shall ensure that any information collected pursuant to subsection
(a)is shared among the Federal departments and agencies involved in investigations described in section 102(b) of the North Korea Sanctions and Policy Enhancement Act of 2016 ( 22 U.S.C. 9212(b) ).
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Sec. 6934
Report on financial networks and financial methods of the Government of North Korea
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