Archive · 25 Dec 2025

Elusive Banker Allegedly Laundered North Korea's Money

Elusive Banker Allegedly Laundered North Korea's Money

A man named Sim is accused of helping North Korea move and hide money.

He would pick up a man named Ryu in a big car and they would eat with other North Korean people.

Sim told Ryu how he moved money between different countries and used fake companies and middlemen to hide where the money came from.

This is like hiding money in different piggy banks and using friends to make sure no one knows where it really came from.

Sources