U.S. Sanctions Chinese Firm for Allegedly Supporting North Korean Weapons Program

North Korean leader Kim Jong Un

The U.S. Treasury and Justice departments proclaimed criminal charges and sanctions against a Chinese industrial machinery and instrumentality wholesale company that allegedly supported North Korea’s weapons program and profaned U.S. economic
sanctions.

The Dandong Hongxiang Industrial Development Co. and 4 of the firm’s executives were charged with concealing and evading sanctions, in step with the Department of Justice.

The Department of Justice same bank accounts connected to the firm and front firms were wont to evade sanctions had received many several bucks that moved  through the U.S., Reuters rumored.

The Department of the Treasury additionally placed sanctions against the firm and therefore the executives named within the criminal criticism, as well as the firm’s founder and majority owner Ma Xiaohong, and officers Zhou Jianshu, Hong Jinhua and Nilotic Chuanxu.

Officials same the firm acted on behalf of North Korea’s Korea Kwangson Banking Corporation, that has been sanctioned by the U.S. and therefore the UN for supporting North Korea’s nuclear and weapons efforts.

China opened associate investigation into the firm last week to appear into “illegal behavior” and “economic crimes,” Reuters rumored. The move followed provisions of the U.N. Resolution 2270, that placed stricter sanctions on D.P.R.K. in March.