US company fined $115k for sending gift cards, other goods to North Korea



News US company fined $115k for sending gift cards, other goods to North Korea Treasury says Tango Cards faced nearly $10m in fines, but disclosed the violations and cooperated with authorities Ethan Jewell October 3, 2022 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON A statue of Albert Gallatin outside the Treasury Building, Sept. 2, 2017 \| Image: Sealy J (CC BY-SA 4.0) 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. 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

US company fined $115k for sending gift cards, other goods to North Korea

Treasury says Tango Cards faced nearly $10m in fines, but disclosed the violations and cooperated with authorities

Ethan Jewell October 3, 2022

US company fined $115k for sending gift cards, other goods to North Korea

A statue of Albert Gallatin outside the Treasury Building, Sept. 2, 2017 | Image: Sealy J (CC BY-SA 4.0)

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.

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.

US company fined $115k for sending gift cards, other goods 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

Ethan Jewell

Become a member for less
than $5.75 per week.

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

as selected by