Overview

• The Treasury’s Office of Foreign Assets Control named Vitali Sergeyevich Andreyev, Kim Ung Sun, Shenyang Geumpungri Network Technology, and Korea Sinjun Trading Corporation.
• Officials allege Andreyev and Kim, a North Korean consular economic and commercial official based in Russia, converted cryptocurrencies into cash to transfer about $600,000 since December 2024.
• Treasury says China-based Shenyang Geumpungri acted as a front tied to Chinyong and generated more than $1 million in benefits for Chinyong and Sinjin since 2021.
• OFAC describes Sinjin as subordinate to the General Political Bureau within North Korea’s Ministry of Defense.
• The sanctions freeze any U.S.-linked assets and bar most transactions by U.S. persons, aligning with a week in which President Trump voiced interest in meeting Kim Jong Un and supported inter-Korean talks.