The U.S. Treasury sanctions a North Korea-related money laundering network, involving 54 cryptocurrency addresses

According to Chainalysis, the U.S. Treasury Department's OFAC has designated several individuals and entities related to North Korea, involved in money laundering networks and IT outsourcing funds; the list includes Korea Mangyongdae Computer Technology Corporation and 54 cryptocurrency addresses associated with Cheil Credit Bank (which was sanctioned in September 2017). This designation is consistent with last month's conclusions from the U.S. Treasury Department's MSMT report on North Korean cyber activities, which also issued prevention recommendations and key points.