OFAC TARGETS DPRK MALICIOUS CYBER AND ILLICIT IT WORKER ACTIVITIES  

On 23 May.OFAC advised that it had sanctioned 4 entities and 1 individual involved in obfuscated revenue generation and malicious cyber activities that support the North Korean (DPRK) Government.  The DPRK conducts malicious cyber activities and deploys information technology (IT) workers who fraudulently obtain employment to generate revenue, including in virtual currency, to support the Kim regime and its priorities, such as its unlawful WMD and ballistic missile programs. Those designated include Pyongyang University of Automation, one of the DPRK’s premier cyber instruction institutions, the Chinyong Information Technology Cooperation Company, and one of the latter’s representatives, based in Vladivostok, Kim Sang Man.

https://ofac.treasury.gov/recent-actions/20230523

https://home.treasury.gov/news/press-releases/jy1498

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017