How North Korean Businessmen Busted Sanctions in the Democratic Republic of Congo

Author:
The Sentry
Publisher:
The Sentry
Publication Date:
19 August 2020
Tags:
Congo-Kinshasa, Asia, Australia, and Africa, Banking and Insurance, Capital Flows, Company News, Human Rights, Legal and Judicial Affairs

In 2018, two North Korean businessmen formed a construction services firm in the Democratic Republic of Congo (DRC) and engaged in activities that appear to violate sanctions adopted by the European Union (EU), the United Nations, and the United States. Despite strict international prohibitions, these individuals opened a bank account for their company, Congo Aconde, and undertook construction projects in the country.

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