OFAC sanctions North Korean banks, IT firms, and individuals for cybercrime, labor‑fraud networks, and sanctions evasion, cutting off funding linked to the DPRK’s weapons programs

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designates eight individuals and two entities tied to the Democratic People’s Republic of Korea for facilitating the laundering of proceeds from cyber-enabled theft, cryptocurrency heists and illicit IT-worker schemes. These measures target the financial infrastructure enabling the DPRK’s proliferation of weapons of mass destruction and reinforce the blocking of property and assets under U.S. sanctions law…