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Sanctions against men from North Korea

Assets frozen for London businessmen

Treasury has joined the European Union in enforcing fresh sanctions against five individuals from North Korea.

The men from the country have had their assets frozen.

That means Island businesses and financial institutions must ensure no funds or assets are held - and if so, report them to the Financial Intelligence Unit.

The five in question are former directors of KNIC, a London-based firm which was last year accused of channeling money to Kim Jong-Un's nuclear weapons programme.

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