US Treasury Sanctions UAE-Based Firm for Laundering Crypto for North Korea

Quick Summary:

The US Treasury Department shut down a North Korean laundering crypto scheme using cryptocurrency to wash millions of dollars.

The government emphasized its commitment to dismantling these criminal networks as North Korea continues to exploit complex schemes to sustain its military advancements.

The isolated regime has been linked to several crypto-related crimes.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Teuta Franjkovic

Category: Crypto

Markets: IndiaNorth KoreaUnited Arab EmiratesUnited States

Topics: 24/7 Cryptocurrency News North korea Illicit Funds Crypto Money laundering Us treasury

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 18:07:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 419 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24515234

View Article Analysis

About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 41 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions