You are subscribed to Arms Control and International Security for U.S. Department of State. This information has recently been updated, and is now available. U.S. Imposes Sanctions on an Entity and Individuals Contributing to Democratic People's Republic of Korea Virtual Currency Money Laundering Network 12/17/2024 10:58 AM EST Matthew Miller, Department Spokesperson HomeOffice of the SpokespersonPress Releases…U.S. Imposes Sanctions on an Entity and Individuals Contributing to Democratic People's Republic of Korea Virtual Currency Money Laundering Network hide U.S. Imposes Sanctions on an Entity and Individuals Contributing to Democratic People's Republic of Korea Virtual Currency Money Laundering Network Press Statement December 17, 2024 The United States is imposing sanctions on two individuals and one entity pursuant to Executive Order (E.O.) 13382, which targets proliferators of weapons of mass destruction and their means of delivery. Today's sanctions are a part of ongoing efforts to disrupt the Democratic People's Republic of Korea's (DPRK) money laundering operations, which finance the regime's unlawful weapons of mass destruction and ballistic missile programs. Lu Huaying and Zhang Jian are United Arab Emirates (UAE)-based People's Republic of China (PRC) nationals who acted as agents to facilitate money laundering and cryptocurrency conversion services for the benefit of DPRK or its proxies. Green Alpine Trading, LLC is a UAE-based front company involved in laundering millions of dollars for this network. This money laundering network is led by Sim Hyon Sop (Sim), a DPRK banking representative who was previously designated by the United States and was previously based in the UAE. Sim has continued his operations from his current location in the PRC. The United States will continue to act against proliferation and associated money laundering activities of concern. The Department of the Treasury actions today were taken pursuant to Executive Order 13382. For more information on today's action, see Treasury's press release. Tags Arms Control and Nonproliferation Bureau of East Asian and Pacific Affairs Bureau of International Security and Nonproliferation China Combating Drugs and Crime Crime Division for Counter Threat Finance and Sanctions North Korea Office of the Spokesperson Sanctions United Arab Emirates Stay connected with the State Department: External links found in this content or on Department of State websites that go to other non-Department websites should not be construed as an endorsement of the views or privacy policies contained therein.  Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please contact subscriberhelp.govdelivery.com. This email was sent to caterresearch9.news@blogger.com using GovDelivery Communications Cloud on behalf of: U.S. Department of State · 2201 C Street NW · Washington, DC 20520