How North Korea finance their nuclear program

How North Korea funds its nuclear program

North Korea has managed to fund its nuclear and missile programs despite severe international sanctions by using an elaborate network of front companies, cryptocurrency hacks, and money laundering schemes that trick legitimate banks into processing illegal transactions. The 2020 US Justice Department case — the largest sanctions violation case ever pursued — revealed how over $2.5 billion was funneled into North Korea's Foreign Trade Bank through 250 front companies operating across Russia, China, Thailand, and beyond. North Korean hackers also use Bitcoin peel chains and ransomware attacks to generate untraceable cash outside the banking system entirely. Understanding how Kim Jong Un's regime exploits correspondent banking, flags of convenience, and shell corporations exposes the alarming gaps in global financial security.

00:00 - Kim's Luxury Cars
01:08 - Sanctions Explained
02:17 - $2.5B Laundering Case
03:29 - Correspondent Banking
04:45 - Crypto Hacking Scheme
05:37 - Cargo & Ghost Ships
06:41 - Limits of Justice

#NorthKorea #KimJongUn #NuclearProgram #Sanctions #MoneyLaundering

Видео How North Korea finance their nuclear program канала Economic warfare