US imposes sanctions on those financing DPRK's weapons program
The United States has imposed sanctions against individuals who finance support for the DPRK's weapons of mass destruction programs.
This is reported with reference to the US Treasury Department.
The United States, together with South Korea, has imposed sanctions on six individuals and two legal entities based in Russia, China, and the United Arab Emirates that generate revenue for the DPRK.
"Funds generated through these actors are ultimately funneled to support the DPRK’s weapons of mass destruction programs," the US Treasury Department said.
Today's actions are aimed at agents of certain DPRK banks, as well as companies that hire DPRK IT workers abroad.
IT workers and companies that hire them, operating mainly through networks located in Russia and China, organize schemes, create shell companies, and manage secret bank accounts to move and conceal illicit funds, circumvent sanctions, and finance the DPRK's illegal weapons of mass destruction and ballistic missile programs.
“Today’s joint action reflects our commitment to disrupt the DPRK’s efforts to generate revenue for its illicit and destabilizing activities. The United States, along with our South Korean partners, will continue to take action to safeguard the international financial system and prevent the DPRK from funding its illegal weapons programs," said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson.-
