1. Short title This Act may be cited as the Otto Warmbier North Korea Nuclear Sanctions Act . 2. Findings The Congress finds the following: (1) On June 1, 2016, the Department of the Treasury’s Financial Crimes Enforcement Network announced a Notice of Finding that the Democratic People’s Republic of Korea is a jurisdiction of primary money laundering concern due to its use of state-controlled financial institutions and front companies to support the proliferation and development of weapons of mass destruction (WMD) and ballistic missiles. (2) The Financial Action Task Force (FATF) has expressed serious concerns with the threat posed by North Korea’s proliferation and financing of WMD, and has called on FATF members to apply effective counter-measures to protect their financial sectors from North Korean money laundering, WMD proliferation financing, and the financing of terrorism. (3) In its February 2017 report, the U.N. Panel of Experts concluded that— (A) North Korea continued to access the international financial system in support of illicit activities despite sanctions imposed by U.N. Security Council Resolutions 2270 (2016) and 2321 (2016); (B) during the reporting period, no member state had reported taking actions to freeze North Korean assets; and (C) sanctions evasion by North Korea, combined with inadequate compliance by member states, had significantly negated the impact of U.N. Security Council resolutions. (4) In its September 2017 report, the U.N. Panel of Experts found that— (A) North Korea continued to violate financial sanctions by using agents acting abroad on the country’s behalf; (B) foreign financial institutions provided correspondent banking services to North Korean persons and front companies for illicit purposes; (C) foreign companies violated sanctions by maintaining links with North Korean financial institutions