It shall be prohibited for credit and financial institutions:
(a)
to open an account with a credit or financial institution referred to in Article 21(2);
(b)
to establish a correspondent banking relationship with a credit or financial institution referred to in Article 21(2);
(c)
to open representative offices in the DPRK, or to establish a new branch or subsidiary, in the DPRK; and
(d)
to establish a joint venture with or to take an ownership interest in a credit or financial institution referred to in Article 21(2).
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04
CitationArticle 24 of Council Regulation (EU) 2017/1509 (LawPlayer, data as of 2026-07-04)
