#ECOT2609283AOrder of 31 March 2026 implementing Articles L. 562-3 et seq. of the Monetary and Financial Code
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This French ministerial order freezes all funds and economic resources belonging to, owned, held or controlled by three North Korean nationals: Mr. KIM Chol-yong (born 1 June 1964 in North Pyongan), Ms. CHONG Mi-gyong (born 27 January 1966 in Kangwon), and Mr. KIM Hyok-il (born 14 October 1997 in Pyongyang). The freeze lasts for six months. It also prohibits any direct or indirect making available or use of funds or economic resources for the benefit of these individuals or any legal persons or entities they own, control, or that knowingly act on their behalf. The measure implements UN Security Council Resolutions 1540 (2004) and 2270 (2016), as well as EU Council Decision 2016/849 concerning restrictive measures against the DPRK.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Freezing of all funds and economic resources of KIM Chol-yong (born 01/06/1964), CHONG Mi-gyong (born 27/01/1966) and KIM Hyok-il (born 14/10/1997) for a period of six months
- Prohibition on making funds or economic resources directly or indirectly available to the listed individuals
- Ban on use of funds or resources for the benefit of entities owned, controlled or acting on behalf of the listed persons
+ 3 more changes with Pro
Obligations
What this law requires
Freeze all funds and economic resources belonging to, owned, held or controlled by KIM Chol-yong (born 1 June 1964 in North Pyongan), CHONG Mi-gyong (born 27 January 1966 in Kangwon), and KIM Hyok-il (born 14 October 1997 in Pyongyang)
Prohibit direct or indirect making available of funds or economic resources for the benefit of the three designated North Korean nationals
Prohibit direct or indirect use of funds or economic resources for the benefit of the three designated North Korean nationals
Prohibit making available or using funds or economic resources for the benefit of legal persons or entities owned, controlled by, or knowingly acting on behalf of the three designated individuals
Maintain the freeze on funds and economic resources for a duration of six months from the order date (31 March 2026)