U.S. imposes sanctions over North Korean scheme to use remote workers to fund weapons program

US issues new sanctions related to North Korea

The United States Department of Treasury's Office of Foreign Assets Control (OFAC) imposed new sanctions on Thursday on two organizations and six individuals engaged in a scheme that used remote IT wo...

US Imposes Sanctions Over North Korean Fraud Targeting US Firms

The Trump administration imposed new sanctions on six individuals and two entities involved in using North Korean overseas information technology workers to defraud US businesses and funnel hundreds of millions of dollars to Pyongyang’s weapons development.

U.S. sanctions network that allegedly laundered $800 million in crypto for North Korea

U.S. officials say North Korean operatives infiltrated companies as IT workers and funneled their wages through cryptocurrency networks tied to Pyongyang.

US blacklists 2 companies, 6 individuals over North Korean IT worker schemes

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 […]

US sanctions 2 firms, 6 individuals for funding North Korean weapons

North Korea-linked IT workers raised nearly US$800 million in 2024 by defrauding or stealing data to blackmail American companies.

U.S. sanctions 2 entities, 6 individuals over raising money for North Korea

The United States on Thursday imposed sanctions on two companies and six individuals for their roles in operations that used information technology workers in foreign countries to raise money for North Korea.