H. R. 757 
One Hundred Fourteenth Congress 
of the 
United States of America 
AT THE SECOND SESSION 
Begun and held at the City of Washington on Monday, 
the fourth day of January, two thousand and sixteen 
An Act 
To improve the enforcement of sanctions against the Government of North Korea, 
and for other purposes. 
Be it enacted by the Senate and House of Representatives of 
the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the ‘‘North Korea 
Sanctions and Policy Enhancement Act of 2016’’. 
(b) TABLE OF CONTENTS.—The table of contents for this Act 
is as follows: 
Sec. 1. Short title; table of contents. 
Sec. 2. Findings; purposes. 
Sec. 3. Definitions. 
TITLE I—INVESTIGATIONS, PROHIBITED CONDUCT, AND PENALTIES 
Sec. 101. Statement of policy. 
Sec. 102. Investigations. 
Sec. 103. Reporting requirements. 
Sec. 104. Designation of persons. 
Sec. 105. Forfeiture of property. 
TITLE II—SANCTIONS AGAINST NORTH KOREAN PROLIFERATION, HUMAN 
RIGHTS ABUSES, AND ILLICIT ACTIVITIES 
Sec. 201. Determinations with respect to North Korea as a jurisdiction of primary 
money laundering concern. 
Sec. 202. Ensuring the consistent enforcement of United Nations Security Council 
resolutions and financial restrictions on North Korea. 
Sec. 203. Proliferation prevention sanctions. 
Sec. 204. Procurement sanctions. 
Sec. 205. Enhanced inspection authorities. 
Sec. 206. Travel sanctions. 
Sec. 207. Travel recommendations for United States citizens to North Korea. 
Sec. 208. Exemptions, waivers, and removals of designation. 
Sec. 209. Report on and imposition of sanctions to address persons responsible for 
knowingly engaging in significant activities undermining cybersecurity. 
Sec. 210. Codification of sanctions with respect to North Korean activities under-
mining cybersecurity. 
Sec. 211. Sense of Congress on trilateral cooperation between the United States, 
South Korea, and Japan. 
TITLE III—PROMOTION OF HUMAN RIGHTS 
Sec. 301. Information technology. 
Sec. 302. Strategy to promote North Korean human rights. 
Sec. 303. Report on North Korean prison camps. 
Sec. 304. Report on and imposition of sanctions with respect to serious human 
rights abuses or censorship in North Korea. 
TITLE IV—GENERAL AUTHORITIES 
Sec. 401. Suspension of sanctions and other measures. 
Sec. 402. Termination of sanctions and other measures.
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Sec. 403. Authorization of appropriations. 
Sec. 404. Rulemaking. 
Sec. 405. Authority to consolidate reports. 
Sec. 406. Effective date. 
SEC. 2. FINDINGS; PURPOSES. 
(a) FINDINGS.—Congress finds the following: 
(1) The Government of North Korea— 
(A) has repeatedly violated its commitments to the 
complete, verifiable, and irreversible dismantlement of its 
nuclear weapons programs; and 
(B) has willfully violated multiple United Nations Secu-
rity Council resolutions calling for North Korea to cease 
development, testing, and production of weapons of mass 
destruction. 
(2) Based on its past actions, including the transfer of 
sensitive nuclear and missile technology to state sponsors of 
terrorism, North Korea poses a grave risk for the proliferation 
of nuclear weapons and other weapons of mass destruction. 
(3) The Government of North Korea has been implicated 
repeatedly in money laundering and other illicit activities, 
including— 
(A) prohibited arms sales; 
(B) narcotics trafficking; 
(C) the counterfeiting of United States currency; 
(D) significant activities undermining cybersecurity; 
and 
(E) the counterfeiting of intellectual property of United 
States persons. 
(4) North Korea has— 
(A) unilaterally withdrawn from the Agreement Con-
cerning a Military Armistice in Korea, signed at Pan-
munjom July 27, 1953 (commonly referred to as the 
‘‘Korean War Armistice Agreement’’); and 
(B) committed provocations against South Korea— 
(i) by sinking the warship Cheonan and killing 
46 of her crew on March 26, 2010; 
(ii) by shelling Yeonpyeong Island and killing 4 
South Korean civilians on November 23, 2010; 
(iii) by its involvement in the ‘‘DarkSeoul’’ 
cyberattacks against the financial and communications 
interests of South Korea on March 20, 2013; and 
(iv) by planting land mines near a guard post 
in the South Korean portion of the demilitarized zone 
that maimed 2 South Korean soldiers on August 4, 
2015. 
(5) North Korea maintains a system of brutal political 
prison camps that contain as many as 200,000 men, women, 
and children, who are— 
(A) kept in atrocious living conditions with insufficient 
food, clothing, and medical care; and 
(B) under constant fear of torture or arbitrary execu-
tion. 
(6) North Korea has prioritized weapons programs and 
the procurement of luxury goods— 
(A) in defiance of United Nations Security Council 
Resolutions 1695 (2006), 1718 (2006), 1874 (2009), 2087 
(2013), and 2094 (2013); and
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(B) in gross disregard of the needs of the people of 
North Korea. 
(7) Persons, including financial institutions, who engage 
in transactions with, or provide financial services to, the 
Government of North Korea and its financial institutions with-
out establishing sufficient financial safeguards against North 
Korea’s use of such transactions to promote proliferation, 
weapons trafficking, human rights violations, illicit activity, 
and the purchase of luxury goods— 
(A) aid and abet North Korea’s misuse of the inter-
national financial system; and 
(B) violate the intent of the United Nations Security 
Council resolutions referred to in paragraph (6)(A). 
(8) The Government of North Korea has provided technical 
support and conducted destructive and coercive cyberattacks, 
including against Sony Pictures Entertainment and other 
United States persons. 
(9) The conduct of the Government of North Korea poses 
an imminent threat to— 
(A) the security of the United States and its allies; 
(B) the global economy; 
(C) the safety of members of the United States Armed 
Forces; 
(D) the integrity of the global financial system; 
(E) the integrity of global nonproliferation programs; 
and 
(F) the people of North Korea. 
(10) The Government of North Korea has sponsored acts 
of international terrorism, including— 
(A) attempts to assassinate defectors and human rights 
activists; and 
(B) the shipment of weapons to terrorists and state 
sponsors of terrorism. 
(b) PURPOSES.—The purposes of this Act are— 
(1) to use nonmilitary means to address the crisis described 
in subsection (a); 
(2) to provide diplomatic leverage to negotiate necessary 
changes in the conduct of the Government of North Korea; 
(3) to ease the suffering of the people of North Korea; 
and 
(4) to reaffirm the purposes set forth in section 4 of the 
North Korean Human Rights Act of 2004 (22 U.S.C. 7802). 
SEC. 3. DEFINITIONS. 
In this Act: 
(1) APPLICABLE EXECUTIVE ORDER.—The term ‘‘applicable 
Executive order’’ means— 
(A) Executive Order 13382 (50 U.S.C. 1701 note; 
relating to blocking property of weapons of mass destruc-
tion proliferators and their supporters), Executive Order 
13466 (50 U.S.C. 1701 note; relating to continuing certain 
restrictions with respect to North Korea and North Korean 
nationals), Executive Order 13551 (50 U.S.C. 1701 note; 
relating to blocking property of certain persons with respect 
to North Korea), Executive Order 13570 (50 U.S.C. 1701 
note; relating to prohibiting certain transactions with 
respect to North Korea), Executive Order 13619 (50 U.S.C.
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1701 note; relating to blocking property of persons threat-
ening the peace, security, or stability of Burma), Executive 
Order 13687 (50 U.S.C. 1701 note; relating to imposing 
additional sanctions with respect to North Korea), or Execu-
tive Order 13694 (50 U.S.C. 1701 note; relating to blocking 
the property of certain persons engaging in significant mali-
cious cyber-enabled activities), to the extent that such 
Executive order— 
(i) authorizes the imposition of sanctions on per-
sons for conduct with respect to North Korea; 
(ii) prohibits transactions or activities involving 
the Government of North Korea; or 
(iii) otherwise imposes sanctions with respect to 
North Korea; and 
(B) any Executive order adopted on or after the date 
of the enactment of this Act, to the extent that such Execu-
tive order— 
(i) authorizes the imposition of sanctions on per-
sons for conduct with respect to North Korea; 
(ii) prohibits transactions or activities involving 
the Government of North Korea; or 
(iii) otherwise imposes sanctions with respect to 
North Korea. 
(2) APPLICABLE UNITED NATIONS SECURITY COUNCIL RESOLU-
TION.—The term ‘‘applicable United Nations Security Council 
resolution’’ means— 
(A) United Nations Security Council Resolution 1695 
(2006), 1718 (2006), 1874 (2009), 2087 (2013), or 2094 
(2013); and 
(B) any United Nations Security Council resolution 
adopted on or after the date of the enactment of this 
Act that— 
(i) authorizes the imposition of sanctions on per-
sons for conduct with respect to North Korea; 
(ii) prohibits transactions or activities involving 
the Government of North Korea; or 
(iii) otherwise imposes sanctions with respect to 
North Korea. 
(3) APPROPRIATE CONGRESSIONAL COMMITTEES.—The term 
‘‘appropriate congressional committees’’ means— 
(A) the Committee on Foreign Relations and the Com-
mittee on Banking, Housing, and Urban Affairs of the 
Senate; and 
(B) the Committee on Foreign Affairs, the Committee 
on Financial Services, and the Committee on Ways and 
Means of the House of Representatives. 
(4) DESIGNATED
PERSON.—The term ‘‘designated person’’ 
means a person designated under subsection (a) or (b) of section 
104 for purposes of applying 1 or more of the sanctions 
described in title I or II with respect to the person. 
(5) GOVERNMENT OF NORTH KOREA.—The term ‘‘Government 
of North Korea’’ means the Government of North Korea and 
its agencies, instrumentalities, and controlled entities. 
(6) HUMANITARIAN ASSISTANCE.—The term ‘‘humanitarian 
assistance’’ means assistance to meet humanitarian needs, 
including needs for food, medicine, medical supplies, clothing, 
and shelter.
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(7) INTELLIGENCE
COMMUNITY.—The term ‘‘intelligence 
community’’ has the meaning given such term in section 3(4) 
of the National Security Act of 1947 (50 U.S.C. 3003(4)). 
(8) LUXURY GOODS.—The term ‘‘luxury goods’’— 
(A) has the meaning given such term in section 
746.4(b)(1) of title 15, Code of Federal Regulations; and 
(B) includes the items listed in Supplement No. 1 to 
part 746 of such title, and any similar items. 
(9) 
MONETARY
INSTRUMENTS.—The 
term 
‘‘monetary 
instruments’’ has the meaning given such term in section 
5312(a) of title 31, United States Code. 
(10) NORTH KOREA.—The term ‘‘North Korea’’ means the 
Democratic People’s Republic of Korea. 
(11) NORTH
KOREAN
FINANCIAL
INSTITUTION.—The term 
‘‘North Korean financial institution’’ means any financial 
institution that— 
(A) is organized under the laws of North Korea or 
any jurisdiction within North Korea (including a foreign 
branch of such an institution); 
(B) is located in North Korea, except for a financial 
institution that is excluded by the President in accordance 
with section 208(c); 
(C) is owned or controlled by the Government of North 
Korea, regardless of location; or 
(D) is owned or controlled by a financial institution 
described in subparagraph (A), (B), or (C), regardless of 
location. 
(12) SIGNIFICANT
ACTIVITIES
UNDERMINING
CYBERSECU-
RITY.—The term ‘‘significant activities undermining cybersecu-
rity’’ includes— 
(A) significant efforts to— 
(i) deny access to or degrade, disrupt, or destroy 
an information and communications technology system 
or network; or 
(ii) exfiltrate information from such a system or 
network without authorization; 
(B) significant destructive malware attacks; 
(C) significant denial of service activities; and 
(D) such other significant activities described in regula-
tions promulgated to implement section 104. 
(13) SOUTH KOREA.—The term ‘‘South Korea’’ means the 
Republic of Korea. 
(14) UNITED STATES PERSON.—The term ‘‘United States per-
son’’ means— 
(A) a United States citizen or an alien lawfully 
admitted for permanent residence to the United States; 
or 
(B) an entity organized under the laws of the United 
States or of any jurisdiction within the United States, 
including a foreign branch of such an entity.
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TITLE 
I—INVESTIGATIONS, 
PROHIB-
ITED CONDUCT, AND PENALTIES 
SEC. 101. STATEMENT OF POLICY. 
In order to achieve the peaceful disarmament of North Korea, 
Congress finds that it is necessary— 
(1) to encourage all member states of the United Nations 
to fully and promptly implement United Nations Security 
Council Resolution 2094 (2013); 
(2) to sanction the persons, including financial institutions, 
that facilitate proliferation, illicit activities, arms trafficking, 
cyberterrorism, imports of luxury goods, serious human rights 
abuses, cash smuggling, and censorship by the Government 
of North Korea; 
(3) to authorize the President to sanction persons who 
fail to exercise due diligence to ensure that such financial 
institutions and member states do not facilitate proliferation, 
arms trafficking, kleptocracy, or imports of luxury goods by 
the Government of North Korea; 
(4) to deny the Government of North Korea access to the 
funds it uses to develop or obtain nuclear weapons, ballistic 
missiles, cyberwarfare capabilities, and luxury goods instead 
of providing for the needs of the people of North Korea; and 
(5) to enforce sanctions in a manner that does not signifi-
cantly hinder or delay the efforts of legitimate United States 
or foreign humanitarian organizations from providing assist-
ance to meet the needs of civilians facing humanitarian crisis, 
including access to food, health care, shelter, and clean drinking 
water, to prevent or alleviate human suffering. 
SEC. 102. INVESTIGATIONS. 
(a) INITIATION.—The President shall initiate an investigation 
into the possible designation of a person under section 104(a) upon 
receipt by the President of credible information indicating that 
such person has engaged in conduct described in section 104(a). 
(b) PERSONNEL.—The President may direct the Secretary of 
State, the Secretary of the Treasury, and the heads of other Federal 
departments and agencies as may be necessary to assign sufficient 
experienced and qualified investigators, attorneys, and technical 
personnel— 
(1) to investigate the conduct described in subsections (a) 
and (b) of section 104; and 
(2) to coordinate and ensure the effective enforcement of 
this Act. 
SEC. 103. REPORTING REQUIREMENTS. 
(a) PRESIDENTIAL BRIEFINGS TO CONGRESS.—Not later than 180 
days after the date of the enactment of this Act, and periodically 
thereafter, the President shall provide a briefing to the appropriate 
congressional committees on efforts to implement this Act. 
(b) REPORT FROM SECRETARY OF STATE.—Not later than 180 
days after the date of the enactment of this Act, the Secretary 
of State shall conduct, coordinate, and submit to Congress a com-
prehensive report on United States policy towards North Korea 
that—
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(1) is based on a full and complete interagency review 
of current policies and possible alternatives, including with 
respect to North Korea’s weapons of mass destruction and 
missile programs, human rights atrocities, and significant 
activities undermining cybersecurity; and 
(2) includes recommendations for such legislative or 
administrative action as the Secretary considers appropriate 
based on the results of the review. 
SEC. 104. DESIGNATION OF PERSONS. 
(a) MANDATORY DESIGNATIONS.—Except as provided in section 
208, the President shall designate under this subsection any person 
that the President determines— 
(1) knowingly, directly or indirectly, imports, exports, or 
reexports to, into, or from North Korea any goods, services, 
or technology controlled for export by the United States because 
of the use of such goods, services, or technology for weapons 
of mass destruction or delivery systems for such weapons and 
materially contributes to the use, development, production, 
possession, or acquisition by any person of a nuclear, radio-
logical, chemical, or biological weapon or any device or system 
designed in whole or in part to deliver such a weapon; 
(2) knowingly, directly or indirectly, provides training, 
advice, or other services or assistance, or engages in significant 
financial transactions, relating to the manufacture, mainte-
nance, or use of any such weapon, device, or system to be 
imported, exported, or reexported to, into, or from North Korea; 
(3) knowingly, directly or indirectly, imports, exports, or 
reexports luxury goods to or into North Korea; 
(4) knowingly engages in, is responsible for, or facilitates 
censorship by the Government of North Korea; 
(5) knowingly engages in, is responsible for, or facilitates 
serious human rights abuses by the Government of North 
Korea; 
(6) knowingly, directly or indirectly, engages in money laun-
dering, the counterfeiting of goods or currency, bulk cash smug-
gling, or narcotics trafficking that supports the Government 
of North Korea or any senior official or person acting for or 
on behalf of that Government; 
(7) knowingly engages in significant activities undermining 
cybersecurity through the use of computer networks or systems 
against foreign persons, governments, or other entities on behalf 
of the Government of North Korea; 
(8) knowingly, directly or indirectly, sells, supplies, or 
transfers to or from the Government of North Korea or any 
person acting for or on behalf of that Government, a significant 
amount of precious metal, graphite, raw or semi-finished metals 
or aluminum, steel, coal, or software, for use by or in industrial 
processes directly related to weapons of mass destruction and 
delivery systems for such weapons, other proliferation activities, 
the Korean Workers’ Party, armed forces, internal security, 
or intelligence activities, or the operation and maintenance 
of political prison camps or forced labor camps, including out-
side of North Korea; 
(9) knowingly, directly or indirectly, imports, exports, or 
reexports to, into, or from North Korea any arms or related 
materiel; or
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(10) knowingly attempts to engage in any of the conduct 
described in paragraphs (1) through (9). 
(b) ADDITIONAL DISCRETIONARY DESIGNATIONS.— 
(1) PROHIBITED CONDUCT DESCRIBED.—Except as provided 
in section 208, the President may designate under this sub-
section any person that the President determines— 
(A) knowingly engages in, contributes to, assists, spon-
sors, or provides financial, material or technological support 
for, or goods and services in support of, any person des-
ignated pursuant to an applicable United Nations Security 
Council resolution; 
(B) knowingly contributed to— 
(i) the bribery of an official of the Government 
of North Korea or any person acting for on behalf 
of that official; 
(ii) the misappropriation, theft, or embezzlement 
of public funds by, or for the benefit of, an official 
of the Government of North Korea or any person acting 
for or on behalf of that official; or 
(iii) the use of any proceeds of any activity 
described in clause (i) or (ii); or 
(C) knowingly and materially assisted, sponsored, or 
provided significant financial, material, or technological 
support for, or goods or services to or in support of, the 
activities described in subparagraph (A) or (B). 
(2) EFFECT OF DESIGNATION.—With respect to any person 
designated under this subsection, the President may— 
(A) apply the sanctions described in section 204, 205(c), 
or 206 to the person to the same extent and in the same 
manner as if the person were designated under subsection 
(a); 
(B) apply any applicable special measures described 
in section 5318A of title 31, United States Code; 
(C) prohibit any transactions in foreign exchange— 
(i) that are subject to the jurisdiction of the United 
States; and 
(ii) in which such person has any interest; and 
(D) prohibit any transfers of credit or payments 
between financial institutions or by, through, or to any 
financial institution, to the extent that such transfers or 
payments— 
(i) are subject to the jurisdiction of the United 
States; and 
(ii) involve any interest of such person. 
(c) ASSET BLOCKING.—The President shall exercise all of the 
powers granted to the President under the International Emergency 
Economic Powers Act (50 U.S.C. 1701 et seq.) to the extent nec-
essary to block and prohibit all transactions in property and 
interests in property of a designated person, the Government of 
North Korea, or the Workers’ Party of Korea, if such property 
and interests in property are in the United States, come within 
the United States, or are or come within the possession or control 
of a United States person. 
(d) APPLICATION TO SUBSIDIARIES AND AGENTS.—The designa-
tion of a person under subsection (a) or (b) and the blocking of 
property and interests in property under subsection (c) shall apply 
with respect to a person who is determined to be owned or controlled
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by, or to have acted or purported to have acted for or on behalf 
of, directly or indirectly, any person whose property and interests 
in property are blocked pursuant to this section. 
(e) TRANSACTION LICENSING.—The President shall deny or 
revoke any license for any transaction that the President determines 
to lack sufficient financial controls to ensure that such transaction 
will not facilitate any activity described in subsection (a) or (b). 
(f) PENALTIES.—The penalties provided for in subsections (b) 
and (c) of section 206 of the International Emergency Economic 
Powers Act (50 U.S.C. 1705) shall apply to any person who violates, 
attempts to violate, conspires to violate, or causes a violation of 
any prohibition of this section, or an order or regulation prescribed 
under this section, to the same extent that such penalties apply 
to a person that commits an unlawful act described in section 
206(a) of such Act (50 U.S.C. 1705(a)). 
SEC. 105. FORFEITURE OF PROPERTY. 
(a) AMENDMENT TO PROPERTY SUBJECT TO FORFEITURE.—Sec-
tion 981(a)(1) of title 18, United States Code, is amended by adding 
at the end the following: 
‘‘(I) Any property, real or personal, that is involved in 
a violation or attempted violation, or which constitutes or is 
derived from proceeds traceable to a prohibition imposed pursu-
ant to section 104(a) of the North Korea Sanctions and Policy 
Enhancement Act of 2016.’’. 
(b) 
AMENDMENT
TO
DEFINITION
OF
CIVIL
FORFEITURE 
STATUTE.—Section 983(i)(2)(D) of title 18, United States Code, is 
amended to read as follows: 
‘‘(D) the Trading with the Enemy Act (50 U.S.C. 4301 
et seq.), the International Emergency Economic Powers 
Act (50 U.S.C. 1701 et seq.), or the North Korea Sanctions 
Enforcement Act of 2016; or’’. 
(c) AMENDMENT
TO
DEFINITION
OF
SPECIFIED
UNLAWFUL 
ACTIVITY.—Section 1956(c)(7)(D) of title 18, United States Code, 
is amended— 
(1) by striking ‘‘or section 92 of’’ and inserting ‘‘section 
92 of’’; and 
(2) by adding at the end the following: ‘‘, or section 104(a) 
of the North Korea Sanctions Enforcement Act of 2016 (relating 
to prohibited activities with respect to North Korea);’’. 
TITLE II—SANCTIONS AGAINST NORTH 
KOREAN 
PROLIFERATION, 
HUMAN 
RIGHTS ABUSES, AND ILLICIT ACTIVI-
TIES 
SEC. 201. DETERMINATIONS WITH RESPECT TO NORTH KOREA AS A 
JURISDICTION OF PRIMARY MONEY LAUNDERING CON-
CERN. 
(a) FINDINGS.—Congress makes the following findings: 
(1) The Under Secretary of the Treasury for Terrorism 
and Financial Intelligence, who is responsible for safeguarding 
the financial system against illicit use, money laundering, ter-
rorist financing, and the proliferation of weapons of mass
H. R. 757—10 
destruction, and has repeatedly expressed concern about North 
Korea’s misuse of the international financial system— 
(A) in 2006— 
(i) stated, ‘‘Given [North Korea’s] counterfeiting 
of U.S. currency, narcotics trafficking and use of 
accounts world-wide to conduct proliferation-related 
transactions, the line between illicit and licit North 
Korean money is nearly invisible.’’; and 
(ii) urged financial institutions worldwide to ‘‘think 
carefully about the risks of doing any North Korea- 
related business’’; 
(B) in 2011, stated that North Korea— 
(i) ‘‘remains intent on engaging in proliferation, 
selling arms as well as bringing in material’’; and 
(ii) was ‘‘aggressively pursuing the effort to estab-
lish front companies.’’; and 
(C) in 2013, stated— 
(i) 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 system’’; and 
(ii) the Department of the Treasury would soon 
introduce new currency with improved security fea-
tures to protect against counterfeiting by the Govern-
ment of North Korea. 
(2) The Financial Action Task Force, an intergovernmental 
body whose purpose is to develop and promote national and 
international policies to combat money laundering and terrorist 
financing, has repeatedly— 
(A) expressed concern at deficiencies in North Korea’s 
regimes to combat money laundering and terrorist 
financing; 
(B) urged North Korea to adopt a plan of action to 
address significant deficiencies in those regimes and the 
serious threat those deficiencies pose to the integrity of 
the international financial system; 
(C) urged all jurisdictions to apply countermeasures 
to protect the international financial system from ongoing 
and substantial money laundering and terrorist financing 
risks emanating from North Korea; 
(D) urged all jurisdictions to advise their financial 
institutions to give special attention to business relation-
ships and transactions with North Korea, including North 
Korean companies and financial institutions; and 
(E) called on all jurisdictions— 
(i) to protect against correspondent relationships 
being used to bypass or evade countermeasures and 
risk mitigation practices; and 
(ii) to take into account money laundering and 
terrorist financing risks when considering requests by 
North Korean financial institutions to open branches 
and subsidiaries in their respective jurisdictions. 
(3) On March 7, 2013, the United Nations Security Council 
unanimously adopted Resolution 2094, which— 
(A) welcomed the Financial Action Task Force’s— 
(i) recommendation on financial sanctions related 
to proliferation; and
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(ii) guidance on the implementation of such sanc-
tions; 
(B) decided that United Nations 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 upon United Nations member states to pro-
hibit North Korean financial institutions from establishing 
or maintaining correspondent relationships with financial 
institutions in their respective jurisdictions to prevent the 
provision of financial services if such member states have 
information that provides reasonable grounds to believe 
that such activities could contribute to— 
(i) activities prohibited by an applicable United 
Nations Security Council resolution; or 
(ii) the evasion of such prohibitions. 
(b) SENSE
OF CONGRESS REGARDING
THE DESIGNATION
OF 
NORTH KOREA AS A JURISDICTION OF PRIMARY MONEY LAUNDERING 
CONCERN.—Congress— 
(1) acknowledges the efforts of the United Nations Security 
Council to impose limitations on, and to require the enhanced 
monitoring of, transactions involving North Korean financial 
institutions that could contribute to sanctioned activities; 
(2) urges the President, in the strongest terms— 
(A) to immediately designate North Korea as a jurisdic-
tion of primary money laundering concern; and 
(B) to adopt stringent special measures to safeguard 
the financial system against the risks posed by North 
Korea’s willful evasion of sanctions and its illicit activities; 
and 
(3) urges the President to seek the prompt implementation 
by other countries of enhanced monitoring and due diligence 
to prevent North Korea’s misuse of the international financial 
system, including by sharing information about activities, trans-
actions, and property that could contribute to— 
(A) activities sanctioned by applicable United Nations 
Security Council resolutions; or 
(B) the evasion of such sanctions. 
(c) DETERMINATIONS REGARDING NORTH KOREA.— 
(1) IN GENERAL.—Not later than 180 days after the date 
of the enactment of this Act, the Secretary of the Treasury, 
in consultation with the Secretary of State and the Attorney 
General, and in accordance with section 5318A of title 31, 
United States Code, shall determine whether reasonable 
grounds exist for concluding that North Korea is a jurisdiction 
of primary money laundering concern. 
(2) ENHANCED DUE DILIGENCE AND REPORTING REQUIRE-
MENTS.—If the Secretary of the Treasury determines under 
paragraph (1) that reasonable grounds exist for concluding 
that North Korea is a jurisdiction of primary money laundering 
concern, the Secretary, in consultation with the Federal func-
tional regulators (as defined in section 509 of the Gramm- 
Leach-Bliley Act (15 U.S.C. 6809)), shall impose 1 or more 
of the special measures described in section 5318A(b) of title