US Imposing Sanctions On North Korea's Money Laundering Network

JAKARTA - The United States (US) Department of Finance announced sanctions against eight individuals and two entities involved in the laundering of funds from North Korea's illegal scheme', including cybercrime and exploitation of information technology workers abroad.

North Korea's state-sponsored "Hacker (hacker) stole and laundered money to fund their regime's nuclear weapons program," said Deputy US Finance Minister for Terrorism and Financial Intelligence, John K.

"By generating revenue for Pyongyang's weapons development, these perpetrators directly threaten the security of the United States and the world," he said.

"The Ministry of Finance will continue to crack down on parties facilitating and supporting this activity to cut off North Korea's illegal revenue stream", added korotus, referring to the country's official name, the Democratic People's Republic of Korea.

In a separate statement, the US State Department said it strongly condemned the activities of entities linked to North Korea, including those supporting the country's weapons of mass destruction and ballistic missile program that violated various UN Security Council resolutions.

"Today's action reaffirms our commitment to hold those who target US citizens accountable and provide benefits for North Korea's illegal weapons program," the statement said.