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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

US sanctions North Korea again – Treasury Department website

Us and North Korea Flag Photo Credit: Alamy Us and North Korea Flag Photo Credit: Alamy
Us and North Korea Flag Photo Credit: Alamy Us and North Korea Flag Photo Credit: Alamy

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US sanctions North Korea again – Treasury Department website. On Tuesday, the Treasury Department announced additional North Korea penalties targeting hundreds of I.T. employees, mainly in China and Russia, who purportedly fund weapons of mass destruction and missile programs.

Treasury said the U.S. and South Korea sanctioned Kim Sang Man and the North Korean Chinyong Information Technology Cooperation Company for I.T. worker operations.
Treasury claimed North Korea supervises thousands of I.T. workers worldwide, mostly in China and Russia. Workers “generate revenue that contributes to its unlawful WMD and ballistic missile programs.”

It stated that workers use fake I.D.s to apply for jobs. Instead, they secretly worked in “business, health and fitness, social networking, sports, entertainment, and lifestyle,” according to the Treasury Department.

The U.S. State Department has warned that North Korean I.T. personnel may steal intellectual property.
Treasury said South Korea previously sanctioned the 110th Research Center, Pyongyang University of Automation, and Technical Reconnaissance Bureau for cyber operations and illicit revenue generation that support North Korea’s weapons of mass destruction programs.

“Today’s action continues to highlight (North Korea’s) extensive illicit cyber and I.T. worker operations, which finance the regime’s unlawful weapons of mass destruction and ballistic missile programs,” said Brian Nelson, Under Secretary of the Treasury for Terrorism and Financial Intelligence.

The Treasury Department said that the Technical Reconnaissance Bureau leads North Korea’s offensive cyber efforts and supervises Lazarus hackers.
Lazarus is charged with the largest virtual currency heists. They allegedly stole $620 million in virtual money from an Axie Infinity-related blockchain project in March 2022.


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