Your Resource for Government on Crypto
04.24.2023
Treasury Targets Actors Facilitating Illicit DPRK Financial Activity in Support of Weapons Programs
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned three individuals for providing support to the Democratic People’s Republic of Korea through illicit financing and malicious cyber activity. Treasury’s announcement says that the DPRK launders stolen virtual currency and deploys information technology workers to fraudulently obtain employment to generate revenue in virtual currency to support the government.