Region: Korea, Democratic People's Republic of

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

US confiscates oil tanker in North Korea sanctions case

US authorities have seized a ship allegedly involved in a scheme to provide North Korea with over $1.5 million worth of oil in violation of sanctions.

26 April 2021

North Korean businessman to face US charges following extradition from Malaysia

22 March 2021

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