US Sanctions North Korean, Russian Actors over IT Worker Scheme Funding WMDs
UNITED STATES, JUL 8 – The U.S. Treasury sanctioned North Korean and Russian firms that used falsified identities to employ IT workers abroad, generating millions to fund North Korea's weapons programs, officials said.
- The US imposed sanctions on individuals linked to a scheme recruiting North Koreans as American tech workers to fund Kim Jong-un's regime.
- The Treasury Department sanctioned Song Kum Hyok for facilitating the IT worker scheme linked to North Korea's government.
- Sanctions were also placed on Gayk Asatryan for employing North Korean IT workers through his Russia-based companies.
- The action highlights the need for vigilance against North Korea's efforts to fund its weapons of mass destruction programs.
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North Korean workers infiltrated US companies in major fraud scheme
President Donald Trump’s Justice Department has confirmed that the Democratic People’s Republic of North Korea infiltrated over 100 U.S. companies in a major fraud scheme to fund the North Korean government by having remote information technology workers employed in Fortune 500 and other U.S. companies. Last Monday, the Justice Department issued a press release announcing “coordinated actions against the Democratic People’s Republic of North Kor…
Long is the time when transactions were complex and involved long processes. Turning to the sanctions they were intended, Russia's companies are using gold, but also netting and encryption money...
The aim of the developers, who work under a false identity, is to pay their wages to the state or to blackmail their employer. Leading companies are concerned, first in the United States but also, recently, in France.
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Cryptocurrency News | Cryptocurrency Prices | Market CapUS authorities unmask North Korean IT workers and their American accomplices
Federal officials said businesses should carefully verify the identities of remote employees to avoid falling prey to similar scams.
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