OFAC targets DPRK malicious cyber and illicit IT worker activities

The Treasury Department on Tuesday announced that OFAC has sanctioned four entities and one individual involved in obfuscated revenue generation and malicious cyber activities that support the Democratic People’s Republic of Korea (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 weapons of mass destruction and ballistic missile programs.

For the names and identification information of the designated parties, see the May 23, 2023, BankersOnline OFAC Update.