Italian animation studio to pay $538K fine for outsourcing work to North Korea



News Italian animation studio to pay $538K fine for outsourcing work to North Korea Mondo TV settles with US Treasury over 18 alleged sanctions violations from 2019 to 2021 Joe Smith June 27, 2024 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON A North Korean student watching an animation on a computer at the Sci-Tech Complex in Pyongyang \| Image: NK News (Oct. 7, 2016) An Italian animation company has agreed to pay a fine of over half a million dollars for violating sanctions by outsourcing work to a North Korean studio, according to a statement released by the U.S. Treasury Department on Wednesday. The Treasury’s Office of Foreign Assets Control (OFAC) states that Mondo TV, S.p.a. (Mondo), will pay $538,000 to “settle its potential civil liability for 18 apparent violations of the North Korea Sanctions Regulations” between May 2019 and Nov. 2021. An Italian animation company has agreed to pay a fine of over half a million dollars for violating sanctions by outsourcing work to a North Korean studio, according to a statement released by the U.S. Treasury Department on Wednesday. The Treasury’s Office of Foreign Assets Control (OFAC) states that Mondo TV, S.p.a. (Mondo), will pay $538,000 to “settle its potential civil liability for 18 apparent violations of the North Korea Sanctions Regulations” between May 2019 and Nov. 2021. Become a member for less than $5.75 per week. Unlimited access to all of NK News: reporting, investigations, analysis 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

News

Italian animation studio to pay $538K fine for outsourcing work to North Korea

Mondo TV settles with US Treasury over 18 alleged sanctions violations from 2019 to 2021

Joe Smith June 27, 2024

Italian animation studio to pay $538K fine for outsourcing work to North Korea

A North Korean student watching an animation on a computer at the Sci-Tech Complex in Pyongyang | Image: NK News (Oct. 7, 2016)

An Italian animation company has agreed to pay a fine of over half a million dollars for violating sanctions by outsourcing work to a North Korean studio, according to a statement released by the U.S. Treasury Department on Wednesday.

The Treasury’s Office of Foreign Assets Control (OFAC) states that Mondo TV, S.p.a. (Mondo), will pay $538,000 to “settle its potential civil liability for 18 apparent violations of the North Korea Sanctions Regulations” between May 2019 and Nov. 2021.

Become a member for less
than $5.75 per week.

Unlimited access to all of NK News: reporting, investigations, analysis
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.

Italian animation studio to pay $538K fine for outsourcing work to North Korea

Become a member for less than $5.75 per week.

Start your day with the North Korea stories that matter most –

as selected by <img width="226" height="50" class="logo" src="https://www.nknews.org/wp-content/themes/nknews/images/header-logo.png" alt="NK News Logo">

One more step!

Trending

Recent Stories

About the Author

Joe Smith

Become a member for less
than $5.75 per week.

Start your day with
the North Korea stories that matter most –

as selected by