The US Treasury Department has imposed sanctions on two individuals linked to a crypto money laundering network associated with North Korea. Lu Huaying and Zhang Jian have been accused of laundering digital assets to support the heavily sanctioned government in Pyongyang. The Treasury alleged that a front company in the UAE, Green Alpine Trading LLC, was used to convert crypto into cash. These sanctions are part of ongoing efforts to disrupt North Korea's money laundering operations that fund its weapons programs. The individuals' assets have been frozen, and Americans are prohibited from doing business with them. North Korean actors, including hacking groups like Lazarus, have been known to use digital assets to fund illicit activities. The US has also targeted North Korea with additional sanctions to disrupt its support for Russia's war in Ukraine. Read more AI-generated news on: https://app.chaingpt.org/news