# Foreign Assets Control Regulations
> **OFAC** · Final rule; amendment. · Published 2006-04-06 · Effective 2006-05-08 · 71 FR 17345
## Document
- **Document number:** 06-3286
- **Category:** sanctions-ofac
- **Sub-agency:** OFAC
- **Federal Register citation:** 71 FR 17345
- **CFR reference:** 31 CFR 500
- **Publication date:** 2006-04-06
- **Effective date:** 2006-05-08
## Abstract

The Office of Foreign Assets Control of the U.S. Department of the Treasury is amending the Foreign Assets Control Regulations, 31 CFR part 500, effective May 8, 2006, to add a new provision limiting the authorization of post-June 19, 2000 transactions involving property in which the Democratic People's Republic of Korea ("North Korea") or a national thereof has an interest. The new provision prohibits United States persons from owning, leasing, operating or insuring any vessel flagged by North Korea.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2006/04/06/06-3286/foreign-assets-control-regulations)
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