U.S. Treasury Sanctions North Korean IT Worker Network Funding Weapons Programs

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Russian national Vitaliy Sergeyevich Andreyev, DPRK official Kim Ung Sun, Chinese entity Shenyang Geumpungri Network Technology Co., Ltd.

DPRK-based Korea Sinjin Trading Corporation for their involvement in a sophisticated fraudulent scheme involving information technology workers orchestrated by the Democratic People’s Republic of Korea (DPRK) government.

This action targets a network that exploits overseas IT labor to generate revenue for the DPRK’s prohibited weapons of mass destruction (WMD) and ballistic missile programs, in direct violation of U.S. and United Nations sanctions regimes.

Under Secretary of the Treasury for Terrorism and Financial Intelligence John K. Hurley emphasized that the DPRK regime persistently targets U.S. businesses through these fraud operations, where IT workers engage in data theft and ransomware demands.

Under the Trump administration, the Treasury remains committed to safeguarding American ...