Economy, finance and labor

Executive Order 13722: Blocking Property of the Government of North Korea and the Workers' Party of Korea, and Prohibiting Certain Transactions With Respect to North Korea

President: Barack Obama

Blocked the North Korean government and Workers’ Party and broadly prohibited exports, investment and specified transactions.

Status: In effect.

Is Executive Order 13722 still in effect? Yes. Active foundation of the North Korea sanctions program under 31 CFR part 510, supplemented by EO 13810 and statutes.

What does Executive Order 13722 do?

EO 13722 implemented the North Korea Sanctions and Policy Enhancement Act and expanded earlier executive authorities. It blocked all property of the North Korean government and Workers’ Party within US jurisdiction, prohibited new investment and exports of goods, services or technology to North Korea, and authorized additional designations. OFAC continues to administer the order through 31 CFR part 510 alongside EO 13810 and later statutes.

Administration position: The restrictions are extensive but incorporate licenses and exemptions; particular humanitarian or official activity may be authorized under current OFAC rules.
SignedMarch 15, 2016
Regulations31 CFR part 510
Core actionGovernment and Workers’ Party property blocked

Before and after

Before the order

Earlier orders targeted specified actors and imports but did not impose this comprehensive government blocking and export framework.

After the order

US persons faced broad transaction prohibitions and a larger designation system.

Who had to do what

Agency / officeActionTiming / position
Treasury OFACDesignate license and enforceContinuing
Commerce and StateAdminister export and foreign-policy controlsContinuing
US personsBlock property and avoid prohibited transactionsContinuing

What happened next

EO 13722 was signed.