Democratic People’s Republic of Korea (North Korea)

This page provides guidance on the UK’s sanction regime, as it has effect in the Island, relating to Democratic People’s Republic of Korea.

The Democratic People’s Republic of Korea (Sanctions) (EU Exit) Regulations 2019 have effect in the Isle of Man by the Sanctions (Implementation of UK Sanctions) Regulations 2024 ('the Regulations'), which are made under the Sanctions Act 2024. This regime imposes financial, trade, transport and immigration sanctions for the purpose of bringing about the complete and irreversible denuclearisation of the Democratic People’s Republic of Korea (DPRK). 

Individuals and entities who are designated under this regime are included on the UK sanctions list.

Types of sanctions applicable under this regime:

• Asset freeze
• Investment, financial services and financial markets
• Trade
• Immigration
• Aircraft
• Ships

Documents

More information on asset freezes can be found in the Financial Sanctions General Guidance document.

More detailed information on the Treasury’s approach to compliance and enforcement can be found in the Sanctions Compliance Guide document.

Further information on exemptions and licensing grounds please see the Sanctions Licences page.