North Korean cryptocurrency money-laundering network sanctioned by US
( December 17, 2024, 15:56 GMT | Official Statement) -- MLex Summary: The US Treasury Department's Office of Foreign Assets Control sanctioned two individuals and a company involved in a network that launders millions of dollars of illicit funds generated by North Korean information technology workers and cybercrime to support the government in Pyongyang. Based in the United Arab Emirates, Lu Huaying and Zhang Jian worked through a front company to facilitate money laundering and cryptocurrency conversion services that funneled the illicit proceeds back to North Korea, Treasury said.Statement follows below:...
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