Treasury sanctions North Koreans, Russians for alleged IT fraud

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The U.S. Treasury sanctioned eight North Korean nationals, two Russian nationals, and one entity over an alleged information-technology fraud scheme targeting American businesses. Officials said the operation generated funds for North Korea’s military, while the sanctions restrict access to U.S.-linked assets and transactions.

The Treasury Department on Wednesday sanctioned 10 individuals and one entity involved in an alleged scheme to defraud American businesses to benefit the North Korean military. The department’s Office of Foreign Assets Control (OFAC) sanctioned eight North Korean nationals and two Russian nationals, accusing them of facilitating a government-run information technology (IT) scheme to generate…