WASHINGTON, 28 May 2022, (TON): The US Department of the Treasury’s Office of Foreign Assets Control sanctioned one individual, two banks, and a trading company for their support to the Democratic People’s Republic of Korea’s development of weapons of mass destruction and ballistic missile programs and to the US-designated DPRK national airline.

On May 24, 2022, the DPRK launched three missiles, one intercontinental ballistic missile and two shorter range ballistic missiles.

So far this year, the DPRK has launched 23 ballistic missiles, including six ICBMs all in violation of multiple United Nations Security Council resolutions.

Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E said “today Treasury is targeting supporters of the DPRK’s WMD and ballistic missile programs, as well as foreign financial institutions that have knowingly provided significant financial services to the DPRK government.

“The United States will continue to implement and enforce existing sanctions while urging the DPRK to return to a diplomatic path and abandon its pursuit of weapons of mass destruction and ballistic missiles.”