The U.S. Treasury Department fined an American rewards company $115,000 for its role in sending hundreds of thousands of dollars worth of “electronic rewards” to recipients in North Korea and other sanctioned countries, the department said Friday.
According to a notice from Treasury’s Office of Foreign Assets Control (OFAC), Seattle-based Tango Cards paid the fine after it discovered it had not sufficiently vetted recipients.
The U.S. Treasury Department fined an American rewards company $115,000 for its role in sending hundreds of thousands of dollars worth of “electronic rewards” to recipients in North Korea and other sanctioned countries, the department said Friday.
According to a notice from Treasury’s Office of Foreign Assets Control (OFAC), Seattle-based Tango Cards paid the fine after it discovered it had not sufficiently vetted recipients.
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.
SHARE
COPY LINK
X
MASTODON
