About the Author
Chaewon Chung
Chaewon Chung covers U.S., Chinese, and Japanese politics and national security in relation to North Korea. She previously worked at Coda Story covering disinformation and technology with a focus on the East Asia.
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News US blocks more than $31 million in North Korean assetsTreasury Department reports it froze funds in connection with US sanctions against state sponsors of terrorism
Washington blocked $31.69 million in North Korea-related assets last year in connection with U.S. sanctions against state sponsors of terrorism, the U.S. Treasury Department announced this week. The Office of Foreign Assets Control (OFAC) under the Treasury Department provided the amount of frozen funds in its Terrorist Assets Report published on Wednesday. “Because the North Korea sanctions have targeted not only the Government of North Korea, but also individuals and entities acting on its behalf or engaging in other North Korea-related activity, the reported figure may include the blocked assets of all these parties,” the report said. The amount of © Korea Risk Group. All rights reserved. |