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US sanctions North Korean network accused of defrauding businesses

The US Treasury Department has imposed sanctions on a North Korean network accused of using IT workers to defraud US businesses and generate revenue for Pyongyang's weapons programs. The sanctions target 10 North Koreans and Russians involved in the scheme. This move is part of the US efforts to crack down on North Korea's illicit activities and amid stalled diplomatic talks.

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  • ✓ The US Treasury Department imposed sanctions on a North Korean network accused of using IT workers to defraud US businesses.
  • ✓ The sanctions target 10 North Koreans and Russians involved in the scheme.
  • ✓ North Korea has been targeting cash-strapped Americans in an expanding job scam.
🛡️ Source Corroboration: 16 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

The US Treasury Department added new sanctions on a North Korean network accused of defrauding US businesses.

Live updates

  1. US sanctions North Korean network accused of defrauding businesses

    The US Treasury Department has imposed sanctions on a North Korean network accused of using IT workers to defraud US businesses and generate revenue for Pyongyang's weapons programs. The sanctions target 10 North Koreans and Russians involved in the scheme. This move is part of the US efforts to crack down on North Korea's illicit activities and amid stalled diplomatic talks.

    Why it matters

    The sanctions are part of the US efforts to pressure North Korea to abandon its nuclear and missile programs. The US, EU, and allies have urged North Korea to stop its provocative actions. North Korea has been targeting cash-strapped Americans in an expanding job scam, according to the FBI.

    What is confirmed

    • The US Treasury Department imposed sanctions on a North Korean network accused of using IT workers to defraud US businesses.
    • The sanctions target 10 North Koreans and Russians involved in the scheme.
    • North Korea has been targeting cash-strapped Americans in an expanding job scam.

    What to watch next

    • Further US sanctions on North Korea
    • Response from North Korea to the sanctions
    • Impact on diplomatic talks between the US and North Korea
    Sources used for this update (17)
    1. www.yahoo.com — Yahoo
    2. www.koreaherald.com — S. Korean ambassador to Ukraine returns home amid dispute over N.K. POW disclosure
    3. www.koreatimes.co.kr — Saudi Arabia strikes Yemen capital as Houthis vow to retaliate
    4. digg.com — Microsoft, Alphabet and 14 others object to OKXICE’s tokenized-stock plans · Digg
    5. Reuters — US sanctions North Korean network accused of defrauding businesses
    6. CBS News — Treasury sanctions 10 North Koreans and Russians over IT worker fraud scheme
    7. NBC News — U.S. imposes new North Korea sanctions amid stalled diplomatic talks
    8. TRM Labs — OFAC Designates Facilitators of North Korean IT Worker Schemes Targeting US Businesses
    9. Anadolu Ajansı — EU, US, allies urges North Korea to abandon nuclear, missile programs
    10. The Hill — Treasury sanctions North Koreans, Russians for alleged IT fraud
    11. Fox Business — Trump administration sanctions North Korean network accused of infiltrating US companies
    12. ua.news — EU and US urge North Korea to abandon nuclear weapons — Anadolu Agency
    confidence 90%
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