White & Case – On January 2, 2015, President Obama signed an Executive Order (EO) authorizing the imposition of sanctions against the Government of North Korea and the Workers’ Party of Korea. Pursuant to this EO, the United States added new individuals and entities to the List of Specially Designated Nationals and Blocked Persons (SDN List) administered by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC). According to OFAC, the EO was issued in direct response to recent provocations, including cyber-related actions undertaken by the Government of North Korea in November and December 2014.
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