By Maya Lester KC & Michael O’Kane

OFAC sanctions DPRK-controlled IT companies in China and Russia

Under its North Korea measures, OFAC has sanctioned China-based Yanbian Silverstar Network Technology Co. Ltd, its North Korean CEO, Jong Song Hwa, and its Russia-based sister company, Volasys Silver Star, in order to target “the revenue North Korea earns from overseas information technology (IT) workers”. US asset freezes imposed. See OFAC Notice and Treasury press release.

North KoreaNorth Korea United StatesUnited States

About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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