Company Pleads Guilty to Money Laundering Violation as Part of Scheme to Circumvent North Korean Sanctions and Deceive Banks, Agrees to Pay Forfeiture and Fine | OPA | Department of Justice

Company Pleads Guilty to Money Laundering Violation as Part of Scheme to Circumvent North Korean Sanctions and Deceive Banks, Agrees to Pay Forfeiture and Fine | OPA | Department of Justice: Yang Ban Corporation, a company established in the British Virgin Islands in 2014 that operated in South East Asia pleaded guilty today to conspiring to launder monetary instruments in connection with evading sanctions on North Korea and deceiving correspondent banks into processing U.S. dollar transactions.  The company will pay a financial penalty totaling $673,714.04.