US EditionU.S. imposes sanctions over North Korean scheme to use remote workers to fund weapons program
The U.S. Treasury sanctioned six individuals and two firms linked to a scheme generating nearly $800 million in 2024 for North Korea’s weapons programs using stolen identities.
- On Thursday, the Trump administration sanctioned six individuals and two companies accused of aiding North Korea in running a global IT worker scheme that defrauded U.S. businesses to fund weapons programs.
- Operatives utilized stolen identities, forged documents, and fake online personas to secure remote employment; the scheme generated nearly $800 million in 2024 to support Pyongyang's WMD and ballistic missile development.
- Among those sanctioned is Amnokgang Technology Development Company, which managed overseas worker delegations, alongside Vietnam-based CEO Nguyen Quang Viet and Yun Song Guk, who led freelance IT workers from Boten, Laos, since at least 2023.
- Treasury officials allege Nguyen converted about $2.5 million into cryptocurrency for North Korean interests between mid-2023 and mid-2025; Treasury Secretary Scott Bessent said the department would "follow the money" to protect domestic businesses.
- U.S. officials continue warning that North Korea increasingly relies on remote technology work to secure hard currency for its nuclear program, following November 2025 sanctions against eight individuals and two entities for similar laundering activities.
19 Articles
19 Articles
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.
Washington Chokes Off North Korean IT Revenue In Massive Fraud Crackdown - Tampa Free Press
The Trump administration moved to dismantle a sophisticated network of overseas laborers on Thursday, blacklisting six individuals and two companies accused of orchestrating North Korean information technology schemes that targeted American businesses. According to the Treasury Department’s Office of Foreign Assets Control (OFAC), these operations functioned as a primary financial engine for North Korea’s weapons […] Washington Chokes Off North …
The Daily Caller
Conservative Daily NewsTrump Admin Targets Communist Weapons Scheme Allegedly Defrauding US Firms
The Trump administration on Thursday slapped sanctions on six individuals and two companies for allegedly assisting North Korea in running IT worker schemes.
U.S. Sanctions Hit Companies Linked To North Korea Cyber Funding Network
The United States imposed sanctions on six individuals and two companies accused of helping North Korea run a global scheme that used remote IT workers to generate money for its weapons programs, reported by CBS News. According to the U.S. Treasury Department’s Office of Foreign Assets Control, North Korean operatives allegedly posed as legitimate technology professionals to secure remote jobs at foreign companies. The workers reportedly used st…
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