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United Nation Security Council and Australian targeted sanctions on North Korea
Australia enforces both United Nations Security Council as well as autonomously imposed sanctions that restricts a range of activities with North Korea and with North Korean individuals and entities.
If you are considering commercial or other dealings with North Korea we recommend that you familiarise yourself with the operation of these sanctions. We also recommend you obtain independent legal advice before making commercial decisions involving trade or commercial transactions with North Korea.
Contravening Australia’s sanction laws is a criminal offence carrying severe penalties:
- for an individual, the penalty on conviction is a maximum of 10 years’ imprisonment, or a maximum fine of three times the value of the transaction (or A$275,000, if that is higher); and
- for companies, the maximum fine is maximum fine of three times the value of the transaction (or A$1.1 million, if that is higher).
For more information about UNSC sanctions implemented by Australia in relation to North Korea, please go to the Department of Foreign Affairs and Trade (DFAT) website: www.dfat.gov.au/un/unsc_sanctions/north-korea.html
Information on additional sanctions implemented by Australia in relation to North Korea can also be found on the DFAT website: http://www.dfat.gov.au/un/unsc_sanctions/north-korea-bilat.html
Detailed information on the export of defence and dual-use goods can be viewed at the Department of Defence’s Defence Export Control Office website: www.defence.gov.au/deco/
DFAT provides advice for business travellers and tourists going to North Korea. This is regularly updated, and should be checked before planning travel.