The Treasury Department will freeze the assets of two North Korean banks, one individual and a trading company working with the country’s rocket ministry following the May 24 launch of an intercontinental ballistic missile and two shorter-range missiles by North Korea.
The sanctions target supporters of the country’s weapons of mass destruction and ballistic missile programs, as well as foreign financial institutions that “have knowingly provided significant financial services” to the North Korean government, Brian Nelson, head of the Treasury Department’s terrorism and financial intelligence division, said in a statement.
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