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US imposes sanctions on North Korean tech firms

The United States on Thursday imposed sanctions on two North Korean-controlled information technology companies based in China and Russia, accusing them of moving illicit funding to North Korea in violation of U.S. sanctions.
 
The new sanctions target China-based Yanbian Silverstar Network Technology, its North Korean chief executive Jong Song Hwa, and a Russian-based sister company, Volasys Silver Star.
 
In a statement, Treasury Secretary Steven Mnuchin said these actions are intended to stop the flow of illicit revenue to North Korea from overseas information technology workers.
 
He warned companies across the globe to take precautions to ensure that they are not unwittingly employing North Korean workers for technology projects.
 


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