A news release from US DoJ on 31 August advised that the Yang Ban Corporation, a company established in BVI in 2014 and operated in SE Asia had pleaded guilty to conspiring to launder monetary instruments in connection with evading sanctions on North Korea and deceiving correspondent banks into processing US dollar transactions. The company will pay a financial penalty totalling $673,714.04. Pleading guilty, Yang Ban admitted and accepted responsibility for its criminal conduct.
