Report describes the complex web of international companies, financial firms and individual proxies used to move money and goods in and out of sanctioned North Korea, The Wall Street Journal reports.
U. S. banks and regulators continue to struggle tracking and curbing money moved through international banks and companies that ultimately is used to fund the North Korean government, according to a report in the The Wall Street Journal.
That’s because North Korea uses proxies with hidden government ties across the globe to facilitate moving those payments, according to the report.
North Korea is able to sell goods using a multi-step process, that starts with selling goods to an overseas company, according to court documents cited by The Journal’s report.
