Yang Ban Corp pleads guilty to money laundering in sanctions evasion scheme

BVI-registered Yang Ban Corporation has pleaded guilty to charges of conspiracy to commit money laundering as part of a scheme to evade US sanctions on North Korea. From February 2017 to May 2018, Yang Ban used dual invoicing practices, and provided false statements to conceal the ultimate destination of commodities purchased on behalf of N Korea. The use of front …

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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