(ii) transactions and activities author-
ized under North Korean Human Rights 
Act of 2004 (22 U.S.C. 7801 et seq.). 
(B) PROHIBITION.—The President may not 
issue regulations to authorize transactions under 
clause (i) or (ii) of subparagraph (A) if such 
transactions include any transactions with the 
Government of North Korea. 
SEC. 105. FORFEITURE OF PROPERTY. 
(a) AMENDMENT TO PROPERTY SUBJECT TO FOR-
FEITURE.—Section 981(a)(1) of title 18, United States 
Code, is amended by adding at the end the following new 
subparagraph: 
‘‘(I) Any property, real or personal, that is in-
volved in a violation or attempted violation, or which 
constitutes or is derived from proceeds traceable to a 
violation, of section 104(a) of the North Korea Sanc-
tions Enforcement Act of 2015.’’. 
(b) AMENDMENT
TO DEFINITION
OF CIVIL FOR-
FEITURE
STATUTE.—Section 983(i)(2)(D) of title 18, 
United States Code, is amended— 
(1) by striking ‘‘or the International Emergency 
Economic Powers Act’’ and inserting ‘‘, the Inter-
national Emergency Economic Powers Act’’; and 
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(2) by adding at the end before the semicolon the 
following: ‘‘, or the North Korea Sanctions Enforce-
ment Act of 2015’’. 
(c) AMENDMENT TO DEFINITION OF SPECIFIED UN-
LAWFUL ACTIVITY.—Section 1956(c)(7)(D) of title 18, 
United States Code, is amended— 
(1) by striking ‘‘or section 92 of the Atomic En-
ergy Act of 1954’’ and inserting ‘‘section 92 of the 
Atomic Energy Act of 1954’’; and 
(2) by adding at the end the following: ‘‘, or sec-
tion 104(a) of the North Korea Sanctions Enforce-
ment Act of 2015;’’. 
TITLE II—SANCTIONS AGAINST 
NORTH KOREAN PROLIFERA-
TION, 
HUMAN 
RIGHTS 
ABUSES, ILLICIT ACTIVITIES, 
AND SIGNIFICANT ACTIVITIES 
UNDERMINING CYBER SECU-
RITY 
SEC. 201. DETERMINATIONS WITH RESPECT TO NORTH 
KOREA AS A JURISDICTION OF PRIMARY 
MONEY LAUNDERING CONCERN. 
(a) FINDINGS.—Congress makes the following findings: 
(1) The Undersecretary of the Treasury for Ter-
rorism and Financial Intelligence, who is responsible 
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for safeguarding the financial system against illicit 
use, money laundering, terrorist financing, and the 
proliferation of weapons of mass destruction, has re-
peatedly expressed concern about North Korea’s mis-
use of the international financial system as follows: 
(A) In 2006, the Undersecretary stated that, 
given North Korea’s ‘‘counterfeiting of U.S. cur-
rency, narcotics trafficking and use of accounts 
worldwide to conduct proliferation-related trans-
actions, the line between illicit and licit North 
Korean money is nearly invisible’’ and urged fi-
nancial institutions worldwide to ‘‘think care-
fully about the risks of doing any North Korea- 
related business.’’. 
(B) In 2011, the Undersecretary stated that 
‘‘North Korea remains intent on engaging in 
proliferation, selling arms as well as bringing in 
material,’’ and was ‘‘aggressively pursuing the 
effort to establish front companies.’’. 
(C) In 2013, the Undersecretary stated, in 
reference to North Korea’s distribution of high- 
quality counterfeit United States currency, that 
‘‘North Korea is continuing to try to pass a 
supernote into the international financial sys-
tem,’’ and that the Department of the Treasury 
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would soon introduce new currency with im-
proved security features to protect against coun-
terfeiting by the Government of North Korea. 
(2) The Financial Action Task Force, an inter-
governmental body whose purpose is to develop and 
promote national and international policies to com-
bat money laundering and terrorist financing, has re-
peatedly— 
(A) expressed concern at deficiencies in 
North Korea’s regimes to combat money laun-
dering and terrorist financing; 
(B) urged North Korea to adopt a plan of 
action to address significant deficiencies in these 
regimes and the serious threat they pose to the 
integrity of the international financial system; 
(C) urged all jurisdictions to apply counter-
measures to protect the international financial 
system from ongoing and substantial money 
laundering and terrorist financing risks ema-
nating from North Korea; 
(D) urged all jurisdictions to advise their 
financial institutions to give special attention to 
business relationships and transactions with 
North Korea, including North Korean companies 
and financial institutions; and 
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(E) called on all jurisdictions to protect 
against correspondent relationships being used to 
bypass or evade countermeasures and risk miti-
gation practices, and take into account money 
laundering and terrorist financing risks when 
considering requests by North Korean financial 
institutions to open branches and subsidiaries in 
their jurisdiction. 
(3) On March 7, 2013, the United Nations Secu-
rity Council unanimously adopted Resolution 2094, 
which— 
(A) welcomed the Financial Action Task 
Force’s recommendation on financial sanctions 
related to proliferation, and its guidance on the 
implementation of sanctions; 
(B) decided that Member States should 
apply enhanced monitoring and other legal 
measures to prevent the provision of financial 
services or the transfer of property that could 
contribute to activities prohibited by applicable 
United Nations Security Council resolutions; 
and 
(C) called on Member States to prohibit 
North Korean banks from establishing or main-
taining correspondent relationships with banks 
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in their jurisdictions, to prevent the provision of 
financial services, if they have information that 
provides reasonable grounds to believe that these 
activities could contribute to activities prohibited 
by an applicable United Nations Security Coun-
cil resolution, or to the evasion of such prohibi-
tions. 
(b) SENSE OF CONGRESS REGARDING THE DESIGNA-
TION OF NORTH KOREA AS A JURISDICTION OF PRIMARY 
MONEY LAUNDERING CONCERN.—Congress— 
(1) acknowledges the efforts of the United Na-
tions Security Council to impose limitations on, and 
require enhanced monitoring of, transactions involv-
ing North Korean financial institutions that could 
contribute to sanctioned activities; 
(2) urges the President, in the strongest terms, to 
immediately designate North Korea as a jurisdiction 
of primary money laundering concern, and to adopt 
stringent special measures to safeguard the financial 
system against the risks posed by North Korea’s will-
ful evasion of sanctions and its illicit activities; and 
(3) urges the President to seek the prompt imple-
mentation by other states of enhanced monitoring and 
due diligence to prevent North Korea’s misuse of the 
international financial system, including by sharing 
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information about activities, transactions, and prop-
erty that could contribute to activities sanctioned by 
applicable United Nations Security Council resolu-
tions, or to the evasion of sanctions. 
(c) DETERMINATIONS REGARDING NORTH KOREA.— 
(1) IN GENERAL.—The Secretary of the Treasury 
shall, not later than 180 days after the date of the en-
actment of this Act, determine, in consultation with 
the Secretary of State and Attorney General, and in 
accordance with section 5318A of title 31, United 
States Code, whether reasonable grounds exist for con-
cluding that North Korea is a jurisdiction of primary 
money laundering concern. 
(2) SPECIAL MEASURES.—If the Secretary of the 
Treasury determines under this subsection that rea-
sonable grounds exist for finding that North Korea is 
a jurisdiction of primary money laundering concern, 
the Secretary of the Treasury, in consultation with 
the Federal functional regulators, shall impose one or 
more of the special measures described in paragraphs 
(1) through (5) of section 5318A(b) of title 31, United 
States Code, with respect to the jurisdiction of North 
Korea. 
(3) REPORT REQUIRED.— 
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(A) IN GENERAL.—If the Secretary of the 
Treasury determines that North Korea is a juris-
diction of primary money laundering concern, 
the Secretary of the Treasury shall, not later 
than 90 days after the date on which the Sec-
retary makes such determination, submit to the 
appropriate congressional committees a report 
on the determination made under paragraph (1) 
together with the reasons for that determination. 
(B) FORM.—A report or copy of any report 
submitted under this paragraph shall be sub-
mitted in unclassified form but may contain a 
classified annex. 
SEC. 202. ENSURING THE CONSISTENT ENFORCEMENT OF 
UNITED NATIONS SECURITY COUNCIL RESO-
LUTIONS AND FINANCIAL RESTRICTIONS ON 
NORTH KOREA. 
(a) FINDINGS.—Congress finds that— 
(1) all states and jurisdictions are obligated to 
implement and enforce applicable United Nations Se-
curity Council resolutions fully and promptly, includ-
ing by— 
(A) blocking the property of, and ensuring 
that any property is prevented from being made 
available to, persons designated by the Security 
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Council under applicable United Nations Secu-
rity Council resolutions; 
(B) blocking any property associated with 
an activity prohibited by applicable United Na-
tions Security Council resolutions; and 
(C) preventing any transfer of property and 
any provision of financial services that could 
contribute to an activity prohibited by applica-
ble United Nations Security Council resolutions, 
or to the evasion of sanctions under such resolu-
tions; 
(2) all states and jurisdictions share a common 
interest in protecting the international financial sys-
tem from the risks of money laundering and illicit 
transactions emanating from North Korea; 
(3) the United States Dollar and the Euro are 
the world’s principal reserve currencies, and the 
United States and the European Union are primarily 
responsible for the protection of the international fi-
nancial system from these risks; 
(4) the cooperation of the People’s Republic of 
China, as North Korea’s principal trading partner, is 
essential to the enforcement of applicable United Na-
tions Security Council resolutions and to the protec-
tion of the international financial system; 
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(5) the report of the Panel of Experts established 
pursuant to United Nations Security Council Resolu-
tion 1874, dated June 11, 2013, expressed concern 
about the ability of banks in states with less effective 
regulators and those unable to afford effective compli-
ance to detect and prevent illicit transfers involving 
North Korea; 
(6) North Korea has historically exploited incon-
sistencies between jurisdictions in the interpretation 
and enforcement of financial regulations and applica-
ble United Nations Security Council resolutions to 
circumvent sanctions and launder the proceeds of il-
licit activities; 
(7) Amroggang Development Bank, Bank of East 
Land, and Tanchon Commercial Bank have been des-
ignated by the Secretary of the Treasury, the United 
Nations Security Council, and the European Union; 
(8) Korea Daesong Bank and Korea Kwangson 
Banking Corporation have been designated by the 
Secretary of the Treasury and the European Union; 
(9) the Foreign Trade Bank of North Korea has 
been designated by the Secretary of the Treasury for 
facilitating transactions on behalf of persons linked to 
its proliferation network, and for serving as ‘‘a key 
financial node’’; and 
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(10) Daedong Credit Bank has been designated 
by the Secretary of the Treasury for activities prohib-
ited by applicable United Nations Security Council 
resolutions, including the use of deceptive financial 
practices to facilitate transactions on behalf of per-
sons linked to North Korea’s proliferation network. 
(b) SENSE OF CONGRESS.—It is the sense of Congress 
that the President should intensify diplomatic efforts, both 
in appropriate international fora such as the United Na-
tions and bilaterally, to develop and implement a coordi-
nated, consistent, multilateral strategy for protecting the 
global financial system against risks emanating from North 
Korea, including— 
(1) the cessation of any financial services whose 
continuation is inconsistent with applicable United 
Nations Security Council resolutions; 
(2) the cessation of any financial services to per-
sons, including financial institutions, that present 
unacceptable risks of facilitating money laundering 
and illicit activity by the Government of North 
Korea; 
(3) the blocking by all states and jurisdictions, 
in accordance with the legal process of the state or ju-
risdiction in which the property is held, of any prop-
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