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US Sanctions North Korea-Controlled Company

  • On Thursday, the US was out with announcing a new sanction on a Chinese company with a North Korean CEO. The company also has a smaller division in Russia. The two firms are, however, controlled by North Korea. The move is being seen as the US targeting North Korea despite a projected air of cordial relationships between them. Steven Mnuchin, the Treasury Secretary, has stated that “These actions are intended to stop the flow of illicit revenue to North Korea from overseas information technology workers disguising their true identities and hiding behind front companies, aliases, and third-party nationals.”