Whilst the press have made much of the announcement by the US that America no longer considers North Korea to be an Axis of Evil, the official OFAC announcement should be viewed with caution. It simply does not answer your hard questions regarding who or what is no longer on the list. Read the announcement. It is advisable to wait for further clarification before lifting any of your internal controls on transactions by your customers with North Korea. Certain unnamed restrictions are to remain in effect, but which ones?

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