US President Trump signaled an openness to exempting Hungary from sanctions on purchases of Russian energy as he hosted Prime Minister Viktor Orban on Friday https://t.co/8VDbRNaDTH https://t.co/olXc7bXtSf ...

US President Donald Trump signaled an openness to exempting Hungary from sanctions on purchases of Russian energy as he hosted Prime Minister Viktor Orban. https://t.co/mpvCO5QNby ...

President Donald Trump welcomed Viktor Orban to the White House Friday, where the Hungarian leader is seeking a reprieve from Russian oil sanctions https://t.co/J3PMrdF0qp https://t.co/fl2VUTLMDN ...

Hungarian Prime Minister Victor Orban is heading to Washington DC to meet with President Trump. Orban has touted the trip as a meeting between two allies who are aligned on a number of issues. Probably most important for Orban, however, is his request for an exemption for Hungary from Russian oil sanctions.During the first Trump administration, Orban tried to posture himself as an ally to Trump within the European Union. >> Victor Orban has done a tremendous job in so many different ways. highly respected r ...

Seoul Considers Sanctions on North Korea Following US Crypto Crackdown► https://t.co/dOKneOJ6pJ https://t.co/dOKneOJ6pJ ...

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The US Justice Department is conducting a probe into whether an Iranian oil tycoon breached sanctions while using a global network of banks, according to people familiar with the matter. https://t.co/VP1zqK9v7Z ...

Sanctions & Crypto Crime - US Treasury Department sanctions North Korean bankers involved in global crypto crime operations [1] - The sanctioned individuals are tied to a web of North Korean financial activities [1]

Core Points - The US Treasury has sanctioned eight North Korean nationals and two companies for their involvement in laundering funds from cryptocurrency theft and fraudulent IT work to support North Korea's nuclear weapons program [1][2][5] - North Korean hackers have stolen over $3 billion in cryptocurrency in the past three years, with a significant portion used to fund weapons programs [2][5] - The sanctions target a network that includes state bankers, cybercriminals, and IT workers operating in China, Russia, and North Korea [1][4][6] Group 1: Sanctions and Targets - The sanctioned individuals include Jang Kuk Chol and Ho Jong Son, who managed $5.3 million in cryptocurrency for First Credit Bank [3] - The Korea Mangyongdae Computer Technology Company and its president U Yong Su were sanctioned for operating IT-worker delegations in China [4] - Ryujong Credit Bank and several North Korean representatives in China and Russia were also targeted for facilitating transactions for other sanctioned banks [6] Group 2: Methods and Impact - North Korean hackers utilized advanced malware and social engineering to execute thefts, including a notable $1.5 billion theft from Bybit [2] - IT workers in North Korea collaborated with foreign freelancers to conceal the origins of their earnings [5] - The Treasury emphasized that these activities pose a direct threat to US and global security [5]

Core Points - The U.S. Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on eight individuals and two entities in North Korea for laundering proceeds from cyber activities and IT worker schemes [1] - The sanctions are linked to North Korea's weapons programs and highlight the evasion of sanctions through cyber theft and IT contracting [2] - Over $3 billion has been stolen in the past three years, primarily in cryptocurrency, which is used to fund North Korea's nuclear weapons program [5] Group 1: Designated Individuals and Entities - North Korean bankers Jang Kuk Chol and Ho Jong Son were designated for managing $5.3 million in cryptocurrency on behalf of First Credit Bank [3] - Korea Mangyongdae Computer Technology Company was designated for operating IT worker delegations in China that utilized proxies to move funds [3] - Ryujong Credit Bank was designated for providing financial services that facilitated sanctions avoidance between China and North Korea [4] Group 2: Financial Channels and Risks - The Treasury's release indicates that the designated parties were involved in transferring funds in U.S. dollars, Chinese yuan, and euros, raising compliance risks for exchanges and financial institutions [4] - The sanctions block property and interests of designated parties within the U.S. or controlled by U.S. persons, including entities owned 50% or more by blocked individuals [6] - The Treasury aims to cut off North Korea's illicit revenue streams by targeting facilitators and enablers of these schemes [6]