Archive · 25 Dec 2025
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.
Sim allegedly laundered money for North Korea.
Ryu witnessed Sim's activities and their frequent meetings.
Sim used a Toyota Land Cruiser for transportation in Dubai.
Money was moved between countries and through shell companies.
Brokers were paid to obscure the sources of the funds.
- Who
- Sim, a banker, and Ryu, a witness
- What
- Alleged money laundering for North Korea
- When
- Not specified
- Where
- Dubai and Kuwait
- Why
- To obscure the sources of funds for North Korea
- Main Figure
- Sim
- Location
- Dubai, Kuwait
- Vehicle Used
- Toyota Land Cruiser
- Associated Individuals
- Ryu, North Korean operatives
- Method
- Money laundering through shell companies and brokers