The US Demanded More Than $2 Million From Companies Accused Of Ties With North Korea
The US has filed a court complaint to confiscate more than $2.37 million from companies accused of laundering funds in favor of North Korean companies under sanctions, the US Justice Department said.
The US Ministry claims that four companies were part of a scheme to launder payments to organizations that are under sanctions. One of them, Velmur Management Pte. Ltd. (Velmur), purchased Russian petroleum products for North Korea. The second, Dandong Zhicheng Metallic Material Co. (Dandong Zhicheng), purchased coal from North Korea.
The list includes "numerous branches Of the Bank of foreign trade of the DPRK," which the US has brought under sanctions for facilitating operations on behalf of entities associated with the North Korean distribution network.
The United States requires the confiscation of $2,372,793.