DOJ accuses Chinese company of laundering money for sanctioned DPRK entities | NK News
NK News Logo
November 15, 2024
NK News is hiring
News

DOJ accuses Chinese company of laundering money for sanctioned DPRK entities

U.S. government says Mingzheng ran front companies for N. Korean banks

The U.S. Department of Justice (DOJ) on Thursday announced it had filed suit against a China-based company for laundering money on behalf of blacklisted North Korean entities, asking the company to forfeit more than $1.9 million in what it describes as "one of the largest seizures of North Korean funds by the Department of Justice."

Mingzheng International Trading Limited (Mingzheng), which is based in Shenyang in China, is alleged to have been established to launder the U.S. dollars for “sanctioned North Korean entities.”

Try unlimited access
Only $1 for four weeks

  • Unlimited access to all of NK News: reporting, investigations, analysis
  • Year-one discount if you continue past $1 trial period
  • The NK News Daily Update, an email newsletter to keep you in the loop
  • Searchable archive of all content, photo galleries, special columns
  • Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts.
Subscribe now

All major cards accepted. No commitments – you can cancel any time.