The Office of Foreign Assets Control of the US Department of the Treasury designated two entities and one individual for employing North Korean IT workers. A nominally Chinese company, Yanbian Silverstar Network Technology Co, Ltd., a related company based in Russia, Volasys Silver Star, and the company’s North Korean CEO, Jon Song Hwa, were listed.
September 13, 2018
Sanctions imposed on Russian and Chinese tech companies
Related by Topic
OFAC issues alert to warn of sanctions risks associated with teapot refineries in China
May 4, 2026
News Alert
FinCEN and OFAC propose AML and sanctions requirements for permitted payment stablecoin issuers
April 13, 2026
News Alert
SEC Enforcement | Enforcement Manual Update
March 25, 2026
Insight