The U.S. has sanctioned a North Korean technology company, a Vietnam-based firm and six individuals over their roles in IT worker schemes to raise money for Pyongyang’s nuclear weapons program.
Thursday’s action by the Treasury Department’s Office of Foreign Assets Control (OFAC) marks the latest step in its drive to disrupt networks that place North Korean IT workers in remote jobs while concealing their identities, often using stolen credentials and fabricated personas to gain employment at legitimate companies.
North Korea’s global IT worker operations generated nearly $800 million in 2024 alone, according to the Treasury Department, and carry the added