US sanctions North Korean bankers accused of laundering stolen cryptocurrency

Cristiana Gigina

WASHINGTON (AP) — The United States on Tuesday imposed sanctions on a group of bankers, financial institutions and others accused of laundering money from cyber crime schemes — money the Treasury Department says helps pay for North Korea’s nuclear weapons program . Over the past three years, North Korean malware and social engineering schemes have diverted more than $3 billion, mostly in digital assets, Treasury’s Office of Foreign Assets Control said, noting the sum is unmatched by any other

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