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.
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