Justice Department says $2.5B funneled into North Korea’s nuclear program – By Danielle Haynes (UPI) / May 28 2020
(UPI) — The U.S. Justice Department has accused 28 North Korean and Chinese nationals of violating U.S. sanctions to prevent Pyongyang from developing nuclear weapons, an indictment unsealed Thursday indicates.
The indictment, filed in February, says the individuals laundered more than $2.5 billion through some 200 shell companies. The funds were funneled into North Korea’s state-owned Foreign Trade Bank, also known as Josep Bank.
The money was then used to fund North Korea’s nuclear weapons program, the court documents said. The United States has implemented sanctions attempting to prevent the country from developing weapons of mass destruction.
Those sanctions, along with bilateral meetings between U.S. President Donald Trump and North Korean leader Kim Jong Un in 2018 and 2019, have been unable to stop Pyongyang’s nuclear efforts altogether.
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