Australia sanctions North Korean companies and alleged 'shadow bankers' over illicit finance network
Australia has imposed fresh sanctions on two North Korean companies and two men accused of helping Pyongyang move money through fraudulent online work and other sanctions-evasion schemes. Foreign Minister Penny Wong said the measures target activity that helps fund North Korea's nuclear weapons programme. The government said the companies employed North Koreans who impersonated foreign nationals, worked on online platforms and sent their earnings back to key state agencies.The two men named in the sanctions are Sim Hyon Sop and Yu Py Ung. Australia said both have been identified by United States authorities as key financial brokers for North Korea.... [Continue Reading]
360LiveNews | 23 Oct 2026 04:00 LONDON
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