Economics
This Chinese Company Is Helping U.S. Target North Korea Violators
- Prosecutors seek Chinese assets tied to money laundering
- Hunt for sanctions violators aided by documents from ZTE probe
This article is for subscribers only.
The U.S. government is planning to seize more assets from Chinese companies that it says laundered money for North Korea, using information uncovered in its investigation of the Chinese mobile-phone maker ZTE Corp., according to people familiar with the matter.
That would be the third round of asset seizures by the Trump administration as tensions mount between the U.S. and China over missile and nuclear tests conducted by North Korea, a China ally. The U.S. also may add companies to its list of Chinese entities under sanction, the people said.