Department Files Civil Forfeiture Complaint Against Over $7.74M Laundered on Behalf of the North Korean Government
Contents
Press Release
Department Files Civil Forfeiture Complaint Against Over $7.74M Laundered on Behalf of the North Korean Government
For Immediate Release
Office of Public Affairs
Forfeiture Action is the Latest Disruption of an Indicted North Korean Official’s Efforts to Generate Revenue for North Korea and its Weapons Program Through Illegal IT Worker Schemes and Cryptocurrency Theft
The Department of Justice filed a civil forfeiture complaint today in the U.S. District Court for the District of Columbia alleging that North Korean information technology (IT) workers obtained illegal employment and amassed millions in cryptocurrency for the benefit of the North Korean government, all as a means of evading U.S. sanctions placed on North Korea. The funds were initially restrained in connection with an April 2023 indictment against Sim Hyon Sop (Sim), a North Korean Foreign Trade Bank (FTB) representative who was allegedly conspiring with the IT workers. While the North Koreans were attempting to launder those ill-gotten …
Department Files Civil Forfeiture Complaint Against Over $7.74M Laundered on Behalf of the North Korean Government
For Immediate Release
Office of Public Affairs
Forfeiture Action is the Latest Disruption of an Indicted North Korean Official’s Efforts to Generate Revenue for North Korea and its Weapons Program Through Illegal IT Worker Schemes and Cryptocurrency Theft
The Department of Justice filed a civil forfeiture complaint today in the U.S. District Court for the District of Columbia alleging that North Korean information technology (IT) workers obtained illegal employment and amassed millions in cryptocurrency for the benefit of the North Korean government, all as a means of evading U.S. sanctions placed on North Korea. The funds were initially restrained in connection with an April 2023 indictment against Sim Hyon Sop (Sim), a North Korean Foreign Trade Bank (FTB) representative who was allegedly conspiring with the IT workers. While the North Koreans were attempting to launder those ill-gotten …