Document ID: chunk:federal_register_of_legislation:F2018C00921:reg:3
Version: federal_register_of_legislation:F2018C00921
Segment Type: reg
Provision Reference: reg 3
Character Range: 27161–28597

3     A financial institution, wherever domiciled, that is controlled by an entity or person domiciled in the Democratic People's Republic of Korea

 (2) For the purposes of these Regulations, sanctioned commercial activity also means:
 (a) the establishment by a financial institution of a joint venture with an entity or person mentioned in an item of the following table; or
 (b) the establishment by a financial institution of a correspondent banking relationship with an entity or person mentioned in an item of the following table; or
 (c) the opening by a financial institution of a representative office in the Democratic People's Republic of Korea; or
 (d) the establishment by a financial institution of a branch or subsidiary in the Democratic People's Republic of Korea; or
 (e) the opening by a financial institution of a bank account with an entity or person mentioned in an item of the following table; or
 (f) the acquisition or extension of an interest in an entity or person mentioned in an item of the following table by an Australian financial institution; or
 (g) the sale by a person of an interest in an entity or person mentioned in an item of the following table to an Australian financial institution; or
 (h) the making available by a person (other than by sale) of an interest in an entity or person mentioned in an item of the following table to an Australian financial institution.

Item  Entity or person