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AMROGGANG DEVELOPMENT BANKING CORPORATION

Organization on the UK Sanctions List, listed May 2, 2012. Source reference DPR0125.

Programs

The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019

Names and aliases

Details

Countries	North Korea
Addresses	Tongan-dong Pyongyang North Korea

Remarks (as published)

Amroggang, which was established in 2006, is a Tanchon Commercial Bank-related company managed by Tanchon officials. Tanchon plays a role in financing KOMID’s sales of ballistic missiles and has also been involved in ballistic missile transactions from KOMID to Iran’s Shahid Hemmat Industrial Group (SHIG). Tanchon Commercial Bank was designated by the Committee in April 2009 and is the main DPRK financial entity for sales of conventional arms, ballistic missiles, and goods related to the assembly and manufacture of such weapons. KOMID was designated by the Committee in April 2009 and is the DPRK’s primary arms dealer and main exporter of goods and equipment related to ballistic missiles and conventional weapons. The Security Council designated SHIG in resolution 1737 (2006) as an entity involved in Iran’s ballistic missile programme.

Same name on other lists

AMROGGANG DEVELOPMENT BANKING CORPORATION (un_sc), AMROGGANG DEVELOPMENT BANK (ofac_sdn), Amroggang Development Banking Corporation (eu_fsf)

Data republished from Foreign, Commonwealth & Development Office (FCDO) — Contains public sector information licensed under the Open Government Licence v3.0 (FCDO). KYCWire is a screening tool; whether a person you are checking is this listed person is your decision. Screen via API.