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.
“The DPRK’s use of illicit facilitation networks to access the international financial system and generate revenue using virtual currency for the regime’s unlawful weapons of mass destruction (WMD) and ballistic missile programs directly threatens international security,” Under Secretary