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.
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.
Get the Daily Update
Start your day with the North Korea stories that matter most –
Ethan Jewell is a Seoul-based correspondent for NK News focused on sanctions, trade and maritime issues. He previously worked as an investigations and intelligence specialist for Pinkerton Comprehensive Risk Management and as a research intern for the Brookings Institution's Center for East Asia Policy Studies. Follow Ethan on Twitter @EthanJewell