Several companies have been designated by the US Department of the Treasury for their role in helping North Korea fund its nuclear weapons and ballistic missiles programs. 

DPRK is believed to have earned revenues from overseas information technology workers, and some of those funds have helped finance North Korea’s proliferation activities. 

One DPRK operative used US technology and social media to advertise jobs and find clients, generating tens of thousands of dollars through payments made via PayPal.

Analysis: North Korea finances its nuclear weapons and ballistic missiles programs in a number of ways, including through cigarette smuggling. DPRK also generates foreign currency through the remittances sent back by foreign workers. Funds raised by overseas information technology workers are another way that North Korea has diversified its financing of its proliferation activities. 

Join the conversation! 1 Comment

  1. […] regime raises funds for its proliferation activities. Other methods have included cryptocurrency, overseas information technology workers, cigarette smuggling, […]

    Like

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Category

illicit financing, proliferation, sanctions evasion

Tags

,