February 29, 2024

US sanctions three people for aiding North Korea’s illicit finance, cybercrime

Washington announces designations in coordination with Seoul in effort to cut off funding for DPRK’s nuclear weapons

The U.S. has sanctioned three individuals for providing support to North Korea’s efforts to generate money to fund its nuclear and missile development through illicit financing and cybercrime.

The Office of Foreign Assets Control (OFAC) announced the move in coordination with South Korea after a court in Washington indicted the three designated individuals, the Treasury Department said in a press release Monday.

Become a member for less then $4 per week.

  • Unlimited access to all of NK News: reporting, investigations, analysis
  • The NK News Daily Update, an email newsletter to keep you in the loop
  • Searchable archive of all content, photo galleries, special columns
  • Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts.
Subscribe now

All major cards accepted. No commitments – you can cancel any time.