Federal prosecutors unseal 50-page indictment charging dozens of individuals they accuse of illegally transferring more than $2.5 billion through global financial system to North Korea's foreign exchange bank since 2013 in effort to skirt U.S. sanctions.
The indictment identifies covert branches created by the bank and operating in China, Russia, Thailand, Libya, Austria and Kuwait that prosecutors said helped to facilitate the payments.
The Department of Justice building is bathed in morning light at sunrise in Washington, Feb. 14, 2020. The Department of Justice building is bathed in morning light at sunrise in Washington, Feb. 14, 2020.Among those charged were two former presidents of the Foreign Trade Bank, Ko Chol Man and Kim Song Ui, both of whom have been directly targeted with sanctions by the U.S. Treasury Department for helping steer financing to North Korea's weapons of mass destruction program.The case has been under seal since February and none of the officials charged in the indictment are currently in U.S.
The announcement of the charges comes as nuclear talks between the U.S. and North Korea remain in limbo, after North Korean state media reported earlier this week that Kim Jong Un convened a meeting with military leaders to discuss"bolstering" the country's nuclear arsenal.
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