January 16, 2020

US Treasury imposes sanctions on N. Korean company and China-based lodging facility

Featuring ​Neil Bhatiya

Source: The Hankyoreh

On Jan. 14, the US Treasury Department imposed sanctions on a North Korean company and a China-based lodging facility because of its connection to North Koreans working overseas.

The US Treasury’s Office of Foreign Assets Control (OFAC) announced on Wednesday that it was sanctioning Namgang Trading Corporation (NTC), in Pyongyang, and Beijing Sukbakso, in China, for violating UN Security Council Resolutions 2375 and 2397.

“The exportation of North Korean workers raises illicit revenue for the government of North Korea in violation of UN sanctions,” Treasury Secretary Steven Mnuchin said.

Read the full story and more in The Hankyoreh.

Authors

  • ​Neil Bhatiya

    Adjunct Fellow, Energy, Economics, and Security Program

    Neil Bhatiya is an Adjunct Fellow with the Energy, Economics, and Security Program at the Center for a New American Security. He is also an Associate at the Financial Integrit...