US sanctions North Korean company linked to funneling money to weapons programs

The Treasury Department announced it sanctioned a North Korean company on Thursday that helped funnel money to the communist country’s weapons programs.

The United States sanctioned the Korea Sobaeksu Trading Company for its role in avoiding sanctions imposed by the U.S. and the United Nations. Additionally, the U.S. sanctioned the company for its “efforts to generate revenue clandestinely for the Democratic People’s Republic of Korea government, including through fraudulent information technology worker schemes,” according to a press release from the Treasury Department. Three nationals from North Korea associated with the company and allegedly participating in the schemes were also sanctioned.