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Alerts
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FinCEN Issues Advisory Regarding North Korean Government Agencies’ and Front Companies’ Involvement in Illicit Financial Activities
June 25, 2009
On June 18, 2009, the Financial Crimes Enforcement Network (“FinCEN”) of the U.S. Department of the Treasury (“Treasury”) issued an advisory to supplement its December 2005 guidance, regarding the involvement of North Korea’s government agencies and front companies in illicit activities, and to complement the U.N. Security Council Resolution (“UNSCR”) 1874, adopting new provisions to prevent the financing of North Korea’s nuclear, ballistic missile, and other programs or activities related to weapons of mass destruction (“WMD”).
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