Italian animation company agrees to $538,000 penalty for ‘apparent violations’ of US sanctions on North Korea

It’s the first time Treasury has levied financial penalties related to sanctions on North Korea’s movie and animation industry, which experts say has quietly done business with foreign companies for decades, bringing the isolated and nuclear-armed North Korean regime vital revenue. The Rome-based animation firm Mondo TV, S.p.a.

As North Korean leader Kim Jong Un continues to flaunt his nuclear arsenal, US officials have gone to increasing lengths to track and intercept the billions of dollars they say North Korean hackers and IT workers have stolen or surreptitiously earned abroad over the past several years. Mondo’s use of the US financial system to send money to North Korea triggered the Treasury investigation and the threat of fines. CNN has requested comment from North Korea’s diplomatic mission in London.

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