A Chinese national who has a million-dollar home listed in Long Island, New York, is linked to a company that is suspected of helping North Korea dodge sanctions, NBC News reports.
Sun Sidong is listed as the owner of Dandong Dongyuan Industrial Co., according to Chinese corporate filings, NBC News reports. The company shares an email address with Dandong Zhicheng Metallic Material Co., a Chinese coal exporter that is under suspicion for helping North Korea evade sanctions.
On Tuesday, the Treasury's Office of Foreign Assets Control punished Dandong Zhicheng Metallic Co. for its supposed actions. The company's primary shareholder, Chinese businessman Chi Yupeng, was also punished.
Dandong Zhicheng Metallic Material Co. and four "related front companies" have been targeted since May, when a federal judge issued a ruling allowing prosecutors to secretly monitor their transactions and seize any illegal funds at eight U.S. banks, NBC News reports. The ruling, which didn't allege any wrongdoing by the financial institutions, said the banks had processed more than $700 million in prohibited transactions involving North Korea since 2009.
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