US Charges Three Over North Korea Sanctions Violations

Prosecutors in the United States have indicted three people on charges of bank fraud and money laundering related to an alleged conspiracy to violate sanctions against North Korea.

According to an affidavit filed on Monday in Washington, D.C., Ri Jong Chol and Ri Yu Gyong, both citizens of the autocratic state, and Gan Chee Lim, a Malaysian national, purchased commodities from the U.S. on behalf of customers in North Korea between 2015 and 2016.

The documents allege that Chol, with the help of his daughter Gyong and business associate Gan, used a network of front companies to deliberately and repeatedly bypass restrictions on the ability of American banks to conduct business with North Korean actors, later using the same network to launder their proceeds.

German Court: Former VW CEO to Stand Trial in Dieselgate Case

John Demers, U.S. Assistant Attorney General for National Security, said in a statement that such activities only serve to “enrich the regime” in Pyongyang, allowing it to continue operations that “destabilize” international relations.

The defendants “lied to international financial institutions in order to dupe them into processing transactions in U.S. dollars which they would not otherwise have cleared,” he said.

Swedish Police Seize Evidence Against Milton Group Fraudsters

In a nod toward the notorious authoritarianism and secrecy of the East Asian country, Demers added that the U.S. Department of Justice would continue to pursue and prosecute violators of sanctions against the state “so that one day that country may rejoin the community of nations.”

Israel detains 30 Suspects of Organized Tax Fraud

OCCRP / Balkantimes.press

Napomena o autorskim pravima: Dozvoljeno preuzimanje sadržaja isključivo uz navođenje linka prema stranici našeg portala sa koje je sadržaj preuzet. Stavovi izraženi u ovom tekstu autorovi su i ne odražavaju nužno uredničku politiku The Balkantimes Press.

Copyright Notice: It is allowed to download the content only by providing a link to the page of our portal from which the content was downloaded. The views expressed in this text are those of the authors and do not necessarily reflect the editorial policies of The Balkantimes Press.

Contact Us