Interview
Oliver Krischik Featured in Radio Free Asia "News In Depth" Article
June 18, 2020
Radio Free Asia
GKG Law sanctions attorney Oliver Krischik was featured in a Radio Free Asia “News In Depth” piece that published on June 18. In light of the Otto Warmbier North Korea Nuclear Sanctions Act and a recently unsealed U.S. Department of Justice indictment against alleged members of a North Korean sanctions evasion network, Oliver provided thorough analysis on the state of U.S. economic sanctions on North Korea. He answered questions about the tools the U.S. government can use to combat sanctions evasion networks that access the U.S. financial system through foreign financial institutions. In addition, Oliver describes the circumstances under which the U.S. government may seek to pursue action directly against foreign banks.
“The legal standards by which the U.S. government demonstrates civil or criminal violations of U.S. sanctions may vary depending on the underlying laws, regulations and the types of allegations involved. In general, the U.S. government is much more likely to enforce sanctions against foreign banks when it receives evidence that foreign bank employees have concealed or falsified relevant information to prevent U.S. banks from detecting illicit transactions,” he said.