More sanctions applied by Treasury Department.
Sanctions have been placed on Russian and North Korean nationals, as well as a ‘Chinese front company’ as part of intensified federal efforts to disrupt North Korea’s far-reaching IT worker scheme.
According to CyberScoop, the U.S. Treasury Department’s Office of Foreign Assets Control imposed sanctions on Russian national Vitaly Sergeyevich Andreyev, North Korean national Kim Ung Sun, North Korean firm Korea Sinjin Trading Corp., and Chinese front company Shenyang Geumpungri Network Technology.
Andreyev was accused of enabling payments to the North Korea military-linked Chinyong Information Technology Cooperation Co. that had been sanctioned due to IT worker teams in Russia and Laos, according to the Treasury Department, which also noted collaboration between Andreyev and Kim in laundering almost $600,000 worth of cryptocurrency since December.
Meanwhile, Chinyong’s Chinese front Shenyang Geumpungri has operated a group of North Korean IT workers that has earned $1 million for the parent firm and fellow North Korean military-linked Sinjin, according to officials.
Written by
Dan Raywood
Senior Editor
SC Media UK
Dan Raywood is a B2B journalist with 25 years of experience, including covering cybersecurity for the past 17 years. He has extensively covered topics from Advanced Persistent Threats and nation-state hackers to major data breaches and regulatory changes.
He has spoken at events including 44CON, Infosecurity Europe, RANT Forum, BSides Scotland, Steelcon and the National Cyber Security Show.