U.N. report: North Korea smuggles oil, hacks banks despite sanctions

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U.N. report: North Korea smuggles oil, hacks banks despite sanctions
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North Korea is successfully evading UN sanctions with increasingly sophisticated methods, enabling the regime to import more oil, expand coal exports, sell weapons and hack into foreign banks, according to a report by a UN panel of experts.

, including deceiving global banks, insurers and commodity traders, said the U.N. panel's report, which was reviewed by NBC News and was expected to be published Monday afternoon.

According to the report, the North is also proving adept at cybertheft to secure cash, stealing funds from foreign banks with vulnerable cybersecurity software or from cryptocurrency accounts, which are particularly difficult to track. "These violations render the latest United Nations sanctions ineffective by flouting the caps on the import of petroleum products and coal oil" by North Korea imposed by the U.N. Security Council in 2017."These transfers have increased in scope, scale and sophistication," it said.

"It fooled these global regional commodity trading companies into supplying more than 57,000 barrels in a single shipment by a ship-to-ship transfer," Griffiths told NBC News.March 11, 2019The report includes photos that show the large ship pulled alongside another vessel for the oil transfer, which had an estimated value of about $5.7 million, according to Griffiths.

The U.N. panel's report, citing information from a U.N. member state, said North Korea's most important ballistic missile companies — blacklisted by the U.N. —"are extremely active in Iran," Griffiths said.

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