Region: Korea, Democratic People's Republic of

DOJ charges Tornado Cash founders with sanctions evasion, money laundering

The men are accused of allowing North Korea’s Lazarus Group to launder some $455 million through their cryptocurrency mixing service. A lawyer for one of the defendants claims he was charged “because he helped develop software”.

24 August 2023

UAE company cleared of US charges for evading sanctions on North Korea

Prosecutors said Essentra FZE, a tobacco industry supplier based in Dubai, has fully complied with the terms of its three-year deferred prosecution agreement with the DOJ.

04 August 2023

Marshall Miller: Companies are “on the front lines” of national security

Two-thirds of the DOJ’s corporate criminal resolutions in the past seven months have implicated questions of national security, the senior DOJ official said.

03 May 2023

Indian tobacco company reaches US sanctions settlement over North Korea shipment

Mumbai-based Godfrey Phillips India will pay $332,500 to settle claims that it caused US banks to breach sanctions against North Korea by disguising the destination of a tobacco shipment it sent to the country.

02 March 2023

OFAC fines email gift card issuer

OFAC issued new guidance for businesses supplying “instant payment systems” after finding that Tango Card committed thousands of potential sanctions breaches, racking up a maximum penalty of $9.2 billion.

03 October 2022

US unveils sanctions charges against two Europeans

US prosecutors are accusing a UK and a Spanish citizen of conspiring with programmer Virgil Griffith to evade US sanctions on North Korea by providing the country with blockchain and cryptocurrency services.

26 April 2022

Freight company settles with OFAC for $6 million

OFAC said Toll Holdings’ compliance measures “failed to keep up with the pace and complexity of its growing operations”.

25 April 2022

Singapore company denies links to alleged North Korea sanction breaches

Singapore-based energy trading company Winson Group has distanced itself from the findings of a UN report reviewing allegations that the company is a “key node” in the North Korean government’s illicit procurement of fuel.

06 October 2021

Cryptocurrency expert pleads guilty to US sanctions breaches

A well-known cryptocurrency expert has admitted to conspiring to violate US sanctions over a lecture he gave in North Korea about how blockchain can be used to launder money and evade trade restrictions.

27 September 2021

Australia jails individual for violating North Korea sanctions

27 July 2021

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