In accordance with the requirements of UNSCR 2270 (2016), credit and financial institutions shall, on 31 May 2016 at the latest:
(a)
close any account with a credit or financial institution referred to in Article 21(2);
(b)
terminate any correspondent banking relationship with a credit or financial institution referred to in Article 21(2);
(c)
close representative offices, branches, and subsidiaries in the DPRK;
(d)
terminate joint ventures with a credit or financial institution referred to in Article 21(2); and
(e)
relinquish any 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 26 of Council Regulation (EU) 2017/1509 (LawPlayer, data as of 2026-07-04)
