Treasury Department sanctions North Korean IT worker schemes for facilitating fraud on US businesses

The Treasury Department's Office of Foreign Assets Control announced Wednesday that it is imposing new sanctions on 10 North Korean individuals for their roles in information technology worker schemes that defraud U.S. businesses. 

The department said profits from the schemes go to North Korea's unlawful weapons of mass destruction and ballistic missile programs. 

The North Korean government uses fraudulent documents, stolen identities and fake personas to conceal its IT workers and secure employment with real companies. It then uses most of the wages from the workers to fund its programs. 

“The North Korean regime continues targeting and exploiting American companies through fraudulent activities conducted by its overseas IT operatives, who weaponize sensitive data and extort businesses for substantial payments,” Treasury Secretary Scott Bessent said in a statement.

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