Sanctions

Justice Department Charges Individuals with Violation of North Korea Sanctions

By Tia Sewell
Friday, September 11, 2020, 2:53 PM

The Department of Justice has charged three foreign nationals with conspiracy to violate sanctions regulations against North Korea with bank fraud, in addition to conspiracy to launder funds. Two North Korean nationals, Ri Jong Chol and Ri Yu Gyong, and Malaysia national Gan Chee Lim, allegedly “established and utilized front companies that transmitted U.S. dollar wires through the United States to purchase commodities beginning in or about September 15.” The affidavit draws evidence from a UN investigation that looked into Chol and Gyong’s financial activities in March of 2019. In what would be a violation of US sanctions, the defendants allegedly unlawfully accessed the U.S. financial system and laundered hundreds of thousands of U.S. dollars in order to facilitate trade illicitly with companies located in North Korea.

The complaint and supporting affidavit are available here and below:


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