2025-19924Notice

OFAC Freezes Assets of North Korean Cyber Threat Actor

Published Date: 11/17/2025

Notice

Summary

The U.S. Treasury’s OFAC just blocked the property of a North Korean individual involved in harmful cyber activities, making it illegal for Americans to do business with him. This update also tweaks info on someone already on the sanctions list. These changes took effect on November 4, 2025, and could impact financial dealings tied to these people.

Analyzed Economic Effects

2 provisions identified: 0 benefits, 2 costs, 0 mixed.

OFAC Blocks North Korean Assets

On November 4, 2025, OFAC blocked the property and interests in property subject to U.S. jurisdiction of multiple named North Korean individuals and entities (for example, JANG, Kuk Chol). U.S. persons are generally prohibited from engaging in transactions with those listed persons, and any property of theirs under U.S. jurisdiction is blocked.

Bank SDN Entry Adds Crypto Addresses

On November 4, 2025, OFAC updated the SDN List entry for CHEIL CREDIT BANK and added numerous USDT digital currency addresses to that listing. The bank's property and interests in property subject to U.S. jurisdiction remain blocked, and transactions involving those listed digital currency addresses are implicated by the listing.

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Key Dates

Effective Date
Published Date
11/4/2025
11/17/2025

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Foreign Assets Control Office
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