Workflow
U.S. Sanctions North Korean Bankers and Firms Tied to Crypto Laundering
Yahoo Finance·2025-11-05 02:56

The U.S. Treasury’s Office of Foreign Assets Control announced sanctions on eight people and two entities in North Korea connected to laundering the proceeds from cyber activity and information technology worker schemes. The action was detailed in a Treasury release published on November 4 and targets channels that have moved stolen digital assets and contractor income through dollar rails, raising compliance risk for exchanges, brokers, custodians, and wallet providers that might touch those funds. The ...