ILLICIT CASH FUNDING NORTH KOREAN NUKES: The US government has charged a Chinese company with helping finance North Korea’s nuclear weapons program.

Dandong Hongxiang Industrial Developmental Company Limited (DHID), as well as its chairwoman Ma Xiaohong and three top executives, were charged with conspiring to evade sanctions against North Korea, including by facilitating money laundering through U.S. financial institutions…the Justice Department charged Dandong Hongxiang employees with using dozens of fake businesses and bank accounts to evade U.S. sanctions on North Korea’s nuclear and weapons program. At the same time, the Treasury Department froze the assets of the company and its employees, including 25 bank accounts and 21 alleged front companies.

China is also investigating the company and its connections to a North Korean bank.