US Sanctions Target North Korea Money Laundering Network

The Central Registrar of Cooperative Societies in India has mandated compliance with stringent Anti-Money Laundering and Countering the Financing of Terrorism guidelines for Multi-State Cooperative Societies, requiring them to appoint designated officials to oversee adherence and report suspicious transactions. Meanwhile, the U.S. Department of the Treasury has sanctioned two Chinese nationals and a UAE-based entity, Green Alpine Trading, for their roles in a money laundering network that funnels illicit funds to North Korea, supporting its weapons of mass destruction programs. The sanctions are part of a broader strategy to disrupt North Korea's financial operations, particularly those exploiting digital assets and cybercrime. The Treasury's actions highlight the ongoing collaboration with the UAE to target these financial networks. Both developments underscore the global effort to combat money laundering and the financing of terrorism through enhanced regulatory frameworks and international cooperation.