December 09, 2023

U.S. sanctions, charges Chinese network linked to North Korea WMD trade

Sanctions come as embattled conglomerate accused of "serious economic crimes" by PRC authorities

The United States government has issued designations and unsealed charges against a Chinese company and affiliated individuals linked to illicit trade with North Korea, according to official press releases issued on Monday.

The Treasury's Office of Foreign Assets Control (OFAC) designated Dandong HongXiang Industrial Development Co. Ltd. (DHID) and four senior managers under Executive Order (E.O.) 13382, which targets WMD proliferators.