U.S. files complaint to forfeit US$ 3.1 mil. from firms for helping N. Korea launder money
  • 5 years ago
The United States has filed a complaint to forfeit over three-point-one million U.S. dollars from three companies based in Singapore and China for helping North Korea launder money.
The U.S. Justice Department says.... firms called Apex Choice and Yuanye Wood... and a Singapore-based company --that wasn't named -- laundered cash on behalf of sanctioned North Korean banks.
The banks used the money to buy goods for the regime.... and to illegally access the U.S. financial market.
This becomes the fourth case of the U.S. forfeiting assets of foreign firms that violated North Korea sanctions.
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