OFAC Sanctions: AML Compliance with DPRK-Linked Activity

On November 4, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated eight individuals and two entities for their involvement in laundering funds derived from illicit schemes originating in the Democratic People’s Republic of Korea (DPRK). These activities included cybercrime operations and information technology (IT) worker fraud, both connected to revenue streams supporting North Korea’s nuclear weapons and ballistic missile programs….
By: Ballard Spahr LLP