Treasury Sanctions Key Facilitators Behind North Korea’s Illicit Financial Activities and Military Support to Russia

WASHINGTON — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today sanctioned nine individuals and seven entities that have provided financial and military support to the Democratic People’s Republic of Korea (DPRK). Also, today, the U.S. Department of State sanctioned three targets related to the DPRK’s ballistic missile program. These actions reflect the DPRK’s escalating provocation and hostile military posturing that exacerbate global tensions and destabilize regional peace and security.On October 31, 2024, the DPRK conducted an intercontinental ballistic missile (ICBM) test, the first since December 2023. Again, on November 5, 2024, the DPRK fired at least seven short-range ballistic missiles off the eastern coast of the peninsula.