On November 4, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a new round of sanctions targeting multiple North Korean bankers and financial institutions. The action freezes all assets of eight individuals and two entities within the United States or under U.S. jurisdiction. These individuals and entities are accused of raising funds for the North Korean regime through cybercrime, information technology (IT) labor fraud, and other illicit activities, with the proceeds supporting the country’s nuclear and ballistic missile programs.