2024-03-29 04:01:13
“The United States has imposed new sanctions on six North Korean nationals and two entities in other countries for their roles in helping to finance North Korea’s weapons of mass destruction programs.”
According to Yonhap Agency, the US Treasury Department said in a statement: “In coordination with South Korea, the US Treasury Department announced sanctions targeting North Korean bank agents and two companies that employ North Korean IT workers abroad, accusing them of helping to generate revenues for the rebel regime in Pyongyang.”
According to the agency, “South Korea also imposed sanctions on four of them and the same two companies, after it held with the United States their sixth session of the working group concerned with North Korean cyber threats in Washington this week.”
The US Department said in a statement: “These actors, operating primarily through networks located in Russia and China, coordinate schemes, create fictitious or shell companies (a façade also valid but not widely used), and operate hidden bank accounts to transfer and hide illicit funds and evade… Sanctions and financing of North Korea’s illegal weapons of mass destruction and ballistic missile programs.”
The US Department added in a statement: “Among the individuals imposed on them are Yu Bo-ung and Ri Tong-hyuk, both representatives of Tanchon Bank in China, which is the financial arm of the North Korean Mining Development Corporation (KOMID) and plays a role in financing the company’s sales of ballistic missiles.” .
According to the statement, “Sanctions were also imposed on On-Jon, who resides in Russia and is a representative of Daesung Bank, which is run by the “Office 39” agency, an agency that the ministry stated that North Korea uses to engage in illegal economic activities, manage illicit funds, and generate revenues for the North’s leadership.”
“The sanctions also included three others: Han Chol-man, a representative of Kumgang Bank residing in China, Jung Seung-ho, a representative of Jin Myung Joint Bank in Russia, and Jeon Yeon-gun, who has ties to Pioneer Bankcount Star Real Estate,” a company based in the United Arab Emirates. “, according to the US Department’s statement.
US Treasury Undersecretary Brian Nelson said: “The United States, with its partners in South Korea, will continue to take the necessary measures to protect the international financial system and prevent North Korea from financing its illegal weapons programs.”
Suggest a correction
2024-03-29 04:01:13