North Korea

Asia
North Korea

July 1, 2024

On June 26, Treasury’s Office of Foreign Assets Control (OFAC) announced the settlement of an enforcement action against an Italian animation company that violated OFAC’s sanctions on North Korea. The enforcement action highlights several key propositions regarding sanctions compliance: (1)…

International Compliance Blog

OFAC Issues Significantly Revised NGO Authorizations for North Korea

By Peter Jeydel & Ed Krauland

February 23, 2024

The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has published major revisions to its humanitarian authorizations and other general licenses under the North Korean Sanctions Regulations (“NKSR”), which took effect on February 16, 2024. These regulatory…

Shufti Pro Blog

FBI Reveals North Korea’s Lazarus Group Involvement in $41 Million Stake Hack

By Richard M.

September 8, 2023

US Federal Bureau Investigation (FBI) has revealed that the North Korean hacking group, Lazarus, was responsible for swiping $41m as digital assets from the crypto casino Stake.
Lazarus is one of the most prolific crypto hacking groups, accused

…

China Justice Observer

2023 Guide to Enforce North Korean Judgments in China-CTD 101 Series

By Publisher

June 26, 2023

Can I sue Chinese companies in North Korea and then enforce a North Korean judgment in China?

This post was first published in CJO GLOBAL, which is committed to providing consulting services in China-related cross-border trade risk management and…

Data Counsel

I Won’t Get Fooled Again: Measures Universities Should Take to Combat North Korea’s Use of Spearphishing Campaigns to Access Their Environments and Steal Data

By Benjamin Wanger

June 7, 2023

On June 1, the FBI, the U.S. Department of State and the National Security Agency, together with the Republic of Korea’s (ROK) National Intelligence Service, National Police Agency and Ministry of Foreign Affairs, issued a joint advisory (the Joint Advisory)…

China Law Blog

Chinese Communism with North Korean Characteristics and “ZERO-China”

By Dan Harris

October 23, 2022

For many years I’ve been saying that China was trending more towards North Korea than Germany or Japan. I would base this “prediction” on China’s increasing belligerence towards other countries, its increasing government control over its economy, its increasing control…

International Trade Law

Treasury Sanctions Tornado Cash and Turns Up Heat on Mixers

By Carlton Greene, Caroline Brown & Anand Sithian

August 17, 2022

On August 8, 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) sanctioned virtual currency mixing service Tornado Cash, which OFAC said has been used to launder billions of dollars in virtual currency, including $455 million…

Crypto Digest

Treasury Sanctions Tornado Cash and Turns Up Heat on Mixers

By Carlton Greene, Caroline Brown & Anand Sithian

August 17, 2022

Security, Privacy and the Law

Federal Agencies Issue Alert Regarding Maui Ransomware

By Jeremy Meisinger

July 26, 2022

On July 7, 2022, three federal agencies – the Federal Bureau of Investigation, the Cybersecurity and Infrastructure Security Agency, and the Department of the Treasury – issued a joint alert regarding Maui Ransomware, which has been linked to ransomware attacks…

Blockchain Legal Resource

US Issues Guidance to Companies Warning of Cybersecurity and Sanctions Risks Posed by IT Workers Directed by North Korea

By Hunton Andrews Kurth LLP

May 24, 2022

What Happened:

On May 16, 2022, the US Department of State, US Department of Treasury, and the Federal Bureau of Investigation issued combined guidance (“IT Workers Advisory”) on efforts by North Korean nationals to secure freelance engagements as remote information…