US Sanctions North Korean Crypto Laundering Network in UAE

US Sanctions North Korean Crypto Laundering Network in UAE

Sanctions have been placed on a cryptocurrency money-laundering network that is reportedly transferring millions of dollars to North Korea's nuclear programs by the Office of Foreign Assets Control (OFAC) of the U.S. Treasury. Green Alpine Trading LLC, a front business situated in the United Arab Emirates (UAE), and two people, Lu Huaying and Zhang Jian, are the targets of the actions. A U.S. government statement claims that the network enabl...

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