Multilateral Sanctions Monitoring Team

Rule Changes

Findings informed Australia's sanctions

Foreign Minister Penny Wong signed the listings on October 20, and they took effect October 23, 2026. Two North Korean men, Yu Pu Ung and Sim Hyon Sop, and two companies now face asset freezes, and the men face travel bans. Dealing with their assets without a government permit can bring up to 10 years in prison.

Updated Oct 27