Three individuals linked to North Korea got slapped with sanctions on Monday, according to a statement from the US Treasury Department.
The US government has imposed sanctions on three people it claims supported the Democratic People’s Republic of Korea (DPRK) through illicit financing and malicious cyber activity. Washington made the move in coordination with the Republic of Korea.
Illegal Networks
According to a statement from the US Treasury Department, “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.” That’s per Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson.
The announcement continues:
“The United States and our partners are committed to safeguarding the international financial system and preventing its use in the DPRK’s destabilizing activities, especially in light of the DPRK’s three launches of intercontinental ballistic missiles (ICBMs) this year alone.”
The North Korean government uses funds obtained by the Lazarus Group to fund its illegal nuclear program. The regime has repeatedly threatened Japan and other neighbors with nuclear weapons.
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Author: Josh Adams
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