U.S. Justice Department indicts four Chinese nationals for violating N. Korea sanctions
- 5 years ago
The U.S. Department of Justice has indicted four people working for a Chinese company for engaging in obscure financial dealings... in an effort to evade U.S. weapons sanctions on North Korea.
The indictment by a federal grand jury in New Jersey on Tuesday was aimed at the owner and three managers of Dandong Hongxiang Industrial Development.
They face charges of sanctions violations, conspiracy to defraud the U.S, and conspiracy to launder money.
The company is alleged to have used around 20 front companies to build illicit financial dealings for North Korean entities that were involved in the proliferation of weapons of mass destruction.
The indictment by a federal grand jury in New Jersey on Tuesday was aimed at the owner and three managers of Dandong Hongxiang Industrial Development.
They face charges of sanctions violations, conspiracy to defraud the U.S, and conspiracy to launder money.
The company is alleged to have used around 20 front companies to build illicit financial dealings for North Korean entities that were involved in the proliferation of weapons of mass destruction.