China denies North Korean banker laundered cryptocurrency within its borders



News China denies North Korean banker laundered cryptocurrency within its borders Statement to UN Panel of Experts comes after member state alleged Sim Hyon Sop helped DPRK procure $24M in stolen crypto Shreyas Reddy November 7, 2023 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Chinese soldiers and citizens in the border city of Dandong, where North Korean operative Sim Hyon Sop is said to be based \| Image: NK News (June 2016) China has denied allegations that a sanctioned North Korean bank representative received and laundered millions of dollars in virtual currency within its borders, according to a new U.N. report. The U.N. Panel of Experts said in its latest report that Sim Hyon Sop, a China-based representative of the sanctioned Korea Kwangson Banking Corporation (KKBC), allegedly received over $24 million worth of laundered digital assets, citing a member state. China has denied allegations that a sanctioned North Korean bank representative received and laundered millions of dollars in virtual currency within its borders, according to a new U.N. report. The U.N. Panel of Experts said in its latest report that Sim Hyon Sop, a China-based representative of the sanctioned Korea Kwangson Banking Corporation (KKBC), allegedly received over $24 million worth of laundered digital assets, citing a member state. 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. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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China denies North Korean banker laundered cryptocurrency within its borders

Statement to UN Panel of Experts comes after member state alleged Sim Hyon Sop helped DPRK procure $24M in stolen crypto

Shreyas Reddy November 7, 2023

China denies North Korean banker laundered cryptocurrency within its borders

Chinese soldiers and citizens in the border city of Dandong, where North Korean operative Sim Hyon Sop is said to be based | Image: NK News (June 2016)

China has denied allegations that a sanctioned North Korean bank representative received and laundered millions of dollars in virtual currency within its borders, according to a new U.N. report.

The U.N. Panel of Experts said in its latest report that Sim Hyon Sop, a China-based representative of the sanctioned Korea Kwangson Banking Corporation (KKBC), allegedly received over $24 million worth of laundered digital assets, citing a member state.

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China denies North Korean banker laundered cryptocurrency within its borders

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