13 September, 2017
The latest sanctions include a complete ban on the export of textiles from North Korea - an nearly one billion dollar hit to the regime's economy.
The U.N. move was triggered by the North's sixth and largest nuclear test this month. The FBI is also examining North Korea's link to the theft of $81 million through the New York Fed past year, Bloomberg Markets reported last month.
"It's just another very small step".
"All options are on the table".
"Every nation has an obligation to do what it can", Mr Shorten said.
Hackers linked to North Korea are ramping up attempts to steal bitcoin in order to bring in money for Kim Jong Un's regime, a top cybersecurity firm says.
North Korea won't change it's stance despite new sanctions, the envoy said.
The sanctions were watered down from what the USA had sought, after negotiations with China.
North Korea conducted its sixth illicit nuclear test on September 3, prompting anther round of worldwide sanctions.
While a "decapitation unit" - if created - may give Kim pause, it's unlikely that such a force would be able to carry out cross-border raids without a deadly retaliation from Pyongyang.
Han said North Korea is "ready to use a form of ultimate means" but did not elaborate.
"The forthcoming measures by DPRK (the Democratic Republic of Korea) will make the U.S. suffer the greatest pain it has ever experienced in its history", he said.
Han did not elaborate, but North Korea frequently vows to destroy the United States.
Under the measure, countries are authorized to inspect ships suspected of carrying banned North Korean cargo but must first seek the consent of the flag-state.
The sanctions also prohibit nations from authorizing new work permits to North Korean citizens around the world.
The UN Security Council (UNSC) has unanimously approved a fresh round of tougher sanctions against North Korea for its nuclear and ballistic missile programmes. (It is worth noting that at least some of the tactics, techniques, and procedures were reportedly employed during this compromise were different than those we have observed in following intrusion attempts and as of yet there are no clear indications of North Korean involvement).
The agency called Haley "a political prostitute" and dismissed as "rubbish" her comments at an emergency Security Council meeting Monday following the latest nuclear test that the DPRK is "begging for a war". "That is not acceptable", she said.
He explained that this would force the US, and possibly Japan and South Korea, to try to do things unilaterally to increase pressure on North Korea.
The UN Security Council is expected to vote on the United States led resolution later today, following North Korea's sixth and most powerful nuclear test to date on September 3.
The DPRK stands for the Democratic People's Republic of Korea, North Korea's official name.
Assistant Treasury Secretary Marshall Billingslea acknowledged at the hearing he had not seen sufficient evidence past sanctions were effective, but defended the administration's strategy.
Sanctions from the global community could be driving North Korean interest in cryptocurrency, as discussed earlier.
Rajiv Biswas, Asia Pacific chief economist for IHS Markit, also said he expects that Pyongyang can weather the import reduction.