The United Nations and United States’ economic sanctions on North Korea are significant because they have deep geopolitical implications. North Korea has grown its nuclear program and is perceived as a great threat to world security, and financial institutions are bound by law to exercise compliance programs to detect and block North Korean transactional activity. Sanctions on North Korea have been increasing throughout the years and have become more challenging for financial institutions and global regulating bodies. Further sanctions are predicted to come as North Korea has not shown signs of cooperation. This paper analyzes how effective North Korean sanctions are by measuring North Korean compliance to the sanctions and the degree of damage to their economy. The measure of effective sanctions will also be discovered by assessing the obstacles a financial institution's compliance programs experience by detecting and blocking North Korean transactional activity as well as by assessing if the sanctions are damaging the North Korean economy. This paper proposes a model for effective compliance with financial sanctions against North Korea that can be easily introduced to fit any unique compliance program.
|Advisor:||Choo, Kyeung S.|
|Department:||Economic Crime Management|
|School Location:||United States -- New York|
|Source:||MAI 56/06M(E), Masters Abstracts International|
|Subjects:||International Relations, Political science, Banking|
|Keywords:||Cdd, Compliance, Financial institutions, North korea, Ofac, Sanctions|
Copyright in each Dissertation and Thesis is retained by the author. All Rights Reserved
The supplemental file or files you are about to download were provided to ProQuest by the author as part of a
dissertation or thesis. The supplemental files are provided "AS IS" without warranty. ProQuest is not responsible for the
content, format or impact on the supplemental file(s) on our system. in some cases, the file type may be unknown or
may be a .exe file. We recommend caution as you open such files.
Copyright of the original materials contained in the supplemental file is retained by the author and your access to the
supplemental files is subject to the ProQuest Terms and Conditions of use.
Depending on the size of the file(s) you are downloading, the system may take some time to download them. Please be