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UN experts: North Korea enhances nukes and illicit trade

AP — U.N. experts say North Korea has increased imports and exports of banned and restricted goods such as coal and petroleum products as it continues to enhance its illicit nuclear and ballistic missile programs in violation of sanctions. The experts identified new methods that the country is using… Read More

U.S. says Chinese telecom giant Huawei did business with Iran, North Korea

Federal prosecutors have hit Chinese telecom equipment manufacturer Huawei with new charges in a superseding indictment unsealed Thursday, which details the company’s alleged illegal behavior in Iran and North Korea. Prosecutors in Brooklyn, New York, alleged that Huawei set up a shell company in Iran so that the subsidiary could… Read More

Virus Cuts Off North Korea’s Best Route Around Trump’s Sanctions

North Korea’s decision to shut the border with China to avoid the coronavirus will set back its nascent economic recovery, renewing pressure on Kim Jong Un to return to nuclear negotiations with Donald Trump. A jump in fuel prices, a dip in port activity and the suspension of train and… Read More

11th February 2020

North Korea enhanced nuclear, missile programs in 2019 in breach of sanctions – U.N. report

North Korea continued to enhance its nuclear and ballistic missile programs last year in breach of United Nations sanctions, according to a confidential U.N. report seen by Reuters on Monday. The country also illicitly imported refined petroleum and exported some $370 million worth of coal with the help of Chinese… Read More

7th February 2020

Global Survey of Private Sector Reveals Significant Proliferation Finance and North Korea and Iran Sanctions Implementation Gaps

Commissioned and undertaken jointly by the think tank Royal United Services Institute (RUSI) and ACAMS in partnership with YouGov, the survey, based on 366 unique responses from across the global financial industry, shows that international banks are leading efforts in counter-proliferation finance, with local and national banks at greater risk… Read More

31st January 2020

Regimes dodge sanctions with cryptocurrencies

By every measure, US sanctions are devastating Iran’s economy. The value of the rial has plummeted by half since 2018, when President Trump began dismantling the nuclear deal and reimposing embargoes. Food prices are spiralling, and the country’s foreign currency reserves have been slashed by a fifth since 2013. Read More

27th January 2020

How the North Korean hackers behind WannaCry got away with a stunning crypto-heist

Cyberattacks waged against cryptocurrency exchanges are now common, but the theft of just over $7 million from the Singapore-based exchange DragonEx last March stands out for at least three reasons. First there is the extremely elaborate phishing scheme the attackers used to get in, which involved not only fake websites… Read More

16th January 2020

U.N. sanctions experts warn – stay away from North Korea cryptocurrency conference

United Nations sanctions experts are warning people not to attend a cryptocurrency conference in North Korea in February, flagging it as a likely sanctions violation, according to a confidential report due to be submitted to the U.N. Security Council later this month. The warning comes after the independent U.N. experts… Read More

15th January 2020

U.S. Blacklists Two Companies It Says Exploits North Korean Workers

The U.S. blacklisted two companies, including a China-based firm, that it says are involved in exploiting North Korean workers in violation of United Nations prohibitions against labor exports. The U.N. banned North Korean labor exports as part of an effort to squeeze international revenues it says are used by the… Read More

3rd January 2020

Kim Jong Un Gives Up On Trump, Prepares to Endure U.S. Sanctions

Kim Jong Un is giving up on hopes that U.S. President Donald Trump will lift sanctions anytime soon. Alongside the North Korean leader’s latest saber-rattling this week was a stunning admission: Efforts to engage the U.S. had failed. Kim’s plan now is to find a way to survive under crushing… Read More

25th December 2019

North Korean Workers Abroad Under Scrutiny by U.S., Allies at UN

The U.S. and its allies called on United Nations members to reveal whether they’re complying with UN-imposed sanctions requiring the repatriation of North Korean workers, part of an effort to squeeze Pyongyang of much-needed foreign currency inflows. As part of a series of resolutions passed in 2017, UN member states… Read More

2nd December 2019

Cryptocurrency expert accused of assisting North Korea in evading sanctions

A man was arrested in California and accused of traveling to North Korea to deliver a presentation on using cryptocurrency and blockchain technology that could help the country evade sanctions, federal prosecutors in New York said Friday. Virgil Griffith, 36, was arrested Thursday at Los Angeles International Airport after he… Read More

18th November 2019

Trump’s Embrace of Sanctions Irks Allies and Prompts Efforts to Evade Measures

President Trump’s increasing reliance on economic sanctions to solve foreign policy problems is fueling concern that the United States is abusing its financial power and prompting some governments to seek ways to evade American measures. In recent months, the United States has increased pressure on Iran and Venezuela, dangled the… Read More

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