# 2026-22862: Treasury Blocks Assets Linked to North Korean Financial Group

2026-22862, Notice of OFAC Sanctions Action, is a Federal Register notice from Treasury Department, Foreign Assets Control Office published 2026-11-10, effective 2026-10-28; PRIA reads it as touching household money (as of 2026-11-11).

- Canonical: https://policyrisk.com/federal-register/2026-22862
- As of: 2026-11-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-22862
- Title: Notice of OFAC Sanctions Action
- Type: Notice
- Agencies: Treasury Department; Foreign Assets Control Office
- Citation: 91 FR 72621
- Published: 2026-11-10
- Effective: 2026-10-28
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-11-11

## In one line

Treasury Blocks Assets Linked to North Korean Financial Group

## Summary

The U.S. Treasury’s OFAC just blocked property linked to Han Yu Song, a North Korean individual tied to a banned financial group. This means U.S. people and businesses can’t deal with him or his assets starting October 28, 2026. It’s a clear move to stop money and support flowing to risky North Korean operations.

## Abstract

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.

## Effects PRIA read

- Named North Korean Individuals and Entity Blocked: cost, low. On October 28, 2026, the Treasury's OFAC added named persons — including HAN, Yu Song and the entity FIRST FINANCIAL AND TECHNICAL DEVELOPMENT CENTER — to the Specially Designated Nationals (SDN) List. All property and interests in property subject to U.S. jurisdiction of these persons are blocked,…
- U.S. Financial Institutions Face Transaction Prohibitions and Secondary Sanctions Risk: cost, medium. The notice explicitly identifies 'Secondary sanctions risk' under the North Korea Sanctions Regulations (sections 510.201 and 510.210) and cites transaction prohibitions for persons owned or controlled by U.S. financial institutions (section 510.214). This signals that U.S. financial institutions m…

## Related documents

- [2026-22864](https://policyrisk.com/federal-register/2026-22864): Notice of OFAC Sanctions Action, 2026-11-10
- [2026-22861](https://policyrisk.com/federal-register/2026-22861): Notice of OFAC Sanctions Action, 2026-11-10
- [2026-22802](https://policyrisk.com/federal-register/2026-22802): Notice of OFAC Sanctions Actions, 2026-11-09
- [2026-22766](https://policyrisk.com/federal-register/2026-22766): Notice of OFAC Sanctions Action, 2026-11-09
- [2026-21944](https://policyrisk.com/federal-register/2026-21944): Notice of OFAC Sanctions Action, 2026-10-28
- [2026-21733](https://policyrisk.com/federal-register/2026-21733): Notice of OFAC Sanctions Action, 2026-10-26

## Sources
- [2026-22862 on federalregister.gov](https://www.federalregister.gov/documents/2026/11/10/2026-22862/notice-of-ofac-sanctions-action)
- [2026-22862 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-11-10/pdf/2026-22862.pdf)

## Related
- [Previous: 2026-22861, Notice of OFAC Sanctions Action](https://policyrisk.com/federal-register/2026-22861)
- [Next: 2026-22864, Notice of OFAC Sanctions Action](https://policyrisk.com/federal-register/2026-22864)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-22862 (as of 2026-11-11).