U.S. Sanctions Financial Supporters of North Korea’s Regime

The U.S. Department of the Treasury announced Wednesday that it hadthree entities and two individuals for illicitly generating revenue in support of the North Korean government. Chilsong, which reports directly to the Supreme Leader Kim Jong-un’s regime, accumulates foreign currency, collects intelligence, and provides cover statuses for intelligence operatives, authorities said. Paekho, also a subordinate to the DPRK, has generated funds via co-operation with other illegal enterprises, the Treasury said.

Source: Written by Henry Pope, 2023-03-08; https://www.occrp.org/en/daily//en/daily/17386-u-s-sanctions-financial-supporters-of-north-korea-s-regime

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