US Treasury sanctions enablers of North Korea IT worker fraud ring
Fraudulent tech workers with ties to North Korea target a range of industries, including blockchain companies, with schemes and infrastructure spreading worldwide.
The US Treasury has sanctioned six people and two entities for their alleged roles in an IT worker fraud scheme orchestrated by North Korea, which frequently targets the crypto industry.
The Office of Foreign Assets Control (OFAC) said on Thursday that it sanctioned alleged facilitators of the IT worker fraud networks operating in North Korea, Vietnam, Laos and Spain, which generate revenue to fund North Korea’s weapons program.
OFAC sanctioned Amnokgang Technology Development Company, a DPRK firm accused of managing overseas IT workers, and Nguyen Quang Viet, CEO of Quangvietdnbg International Services Company Limited, a Vietnam-based company accused of laundering $2.5 million through cryptocurrency for the network.