Source: The New York Times

With private cybersecurity firms linking North Korea to recent computer attacks that absconded with at least $81 million, the Treasury Department moved on Wednesday to choke off Pyongyang’s remaining access to the global financial system, designating the country a “primary” money launderer.

The Treasury, employing sanctions techniques that helped pressure Iran to give up much of its nuclear program, said it would seek to impose what are known as secondary sanctions against the reclusive communist country. That means that it could cut off from the American financial system any bank or company that conducts banking transactions with Pyongyang….


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