November 29, 2023

US company fined $115k for sending gift cards, other goods to North Korea

Treasury says Tango Cards faced nearly $10m in fines, but disclosed the violations and cooperated with authorities

The U.S. Treasury Department fined an American rewards company $115,000 for its role in sending hundreds of thousands of dollars worth of “electronic rewards” to recipients in North Korea and other sanctioned countries, the department said Friday.

According to a notice from Treasury’s Office of Foreign Assets Control (OFAC), Seattle-based Tango Cards paid the fine after it discovered it had not sufficiently vetted recipients.