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



News 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 Ethan Jewell October 3, 2022 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON A statue of Albert Gallatin outside the Treasury Building, Sept. 2, 2017 \| Image: Sealy J (CC BY-SA 4.0) 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. “As a result of deficient geolocation identification processes, Tango Card transmitted at least 27,720 stored value products to individuals with Internet Protocol (IP) and email addresses associated with Cuba, Iran, Syria, North Korea, and the Crimea © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update & Podcast Updates Start your day with the North Korea stories that matter most – as selected by Trending

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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

Ethan Jewell October 3, 2022

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

A statue of Albert Gallatin outside the Treasury Building, Sept. 2, 2017 | Image: Sealy J (CC BY-SA 4.0)

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.

“As a result of deficient geolocation identification processes, Tango Card transmitted at least 27,720 stored value products to individuals with Internet Protocol (IP) and email addresses associated with Cuba, Iran, Syria, North Korea, and the Crimea

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

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