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Saturday, June 15, 2024

Taking Joint Action with the Republic of Korea to Combat the Democratic People’s Republic of Korea’s Illicit Revenue Generation

The United States is steadfast in our commitment to combat the Democratic People’s Republic of Korea’s (DPRK) illicit activities to generate revenue by stealing funds from global financial institutions and other entities.

Today, the Department of the Treasury is imposing sanctions on four entities and one individual involved in illicit revenue generation and malicious cyber activities. The DPRK conducts malicious cyber activities and deploys information technology (IT) workers abroad who fraudulently obtain employment to generate revenue that supports the Kim regime.

The DPRK’s extensive illicit cyber and IT worker operations threaten international security by financing the DPRK regime and its dangerous activities, including its unlawful weapons of mass destruction (WMD) and ballistic missile programs.

We are taking this action in coordination with the Republic of Korea (ROK), which is concurrently imposing sanctions against one entity and one individual associated with overseas DPRK IT workers. Today’s Treasury action includes three targets that the ROK recently designated for engaging in cyber operations and illicit revenue generation that support the DPRK’s WMD programs. We will not hesitate to continue holding the DPRK regime responsible for its actions.

Today’s actions are being taken pursuant to Executive Order 13687  and Executive Order 13810. For more information about this designation, please see the Department of the Treasury’s press release.

Official news published at https://www.state.gov/taking-joint-action-with-the-republic-of-korea-to-combat-the-democratic-peoples-republic-of-koreas-illicit-revenue-generation/

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