US Sanctions People, Company in UAE Aiding North Korea

The U.S. sanctioned two people and one entity that it said are involved in a network helping to launder millions of dollars in illegal proceeds for the North Korean government. The designations target United Arab Emirates-based Lu Huaying and Zhang Jian, who have worked through a UAE-based front company to “facilitate money laundering and cryptocurrency conversion services” that move money to North Korea. OFAC also sanctioned UAE-based Green Alpine Trading, LLC, a front company that is a “key component of this money-laundering network.”