On July 30, OFAC targeted two North Korean shipping companies — Chongchongang Shipping Co. and Ocean Maritime Management Co. — that allegedly attempted to import a concealed shipment of arms and related material from Cuba to North Korea in July 2013. OFAC also identified as blocked property 18 North Korean vessels in which the two companies have an interest. The designations were made pursuant to E.O. 13551, which blocks the property of persons who, among other things, have attempted to import arms or related materials into North Korea. The shipment in question included various components of surface-to-air missile systems and launchers, jet fighter parts and engines, shell casings, rocket propelled projectiles, and other ammunition. OFAC noted that the UN Security Council imposed targeted sanctions against Ocean Maritime Management Co. on July 28, 2014, for contributing to a violation of the arms embargo against North Korea.
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