Treasury Dept. sanctions individuals, institutions involved in North Korea cybercrime schemes

The Treasury Department has announced sanctions of eight individuals and two North Korean companies for their roles in laundering money for “illicit revenue schemes” by the Democratic People’s Republic of Korea government involving “high-level cyber-enabled espionage.”

“North Korean state-sponsored hackers steal and launder money to fund the regime’s nuclear weapons program. By generating revenue for Pyongyang’s weapons development, these actors directly threaten U.S. and global security. Treasury will continue to pursue the facilitators and enablers behind these schemes to cut...