Sunday October 21, 2018
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4 Ships Banned From All Ports For Violating North Korea Sanctions

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South Korea's naval ships take part in a military drill for possible attack from North Korea in the water of the East Sea, South Korea. voa
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The U.N. Security Council has banned all nations from allowing four ships that transported prohibited goods to and from North Korea to enter any port in their country.

Hugh Griffiths, head of the panel of experts investigating the implementation of U.N. sanctions against North Korea, announced the port bans at a briefing to U.N. member states on Monday. A North Korean diplomat attended the hour-long session.

Griffiths later told several reporters that “this is the first time in U.N. history” that the Security Council committee monitoring sanctions against Pyongyang has prohibited ships from entering all ports.

He identified the four cargo ships as the Petrel 8, Hao Fan 6, Tong San 2 and Jie Shun.

According to MarineTraffic, a maritime database that monitors vessels and their moments, Petrel 8 is registered in Comoros, Hao Fan 6 in St. Kitts and Nevis, and Tong San 2 in North Korea. It does not list the flag of Tong San 2 but said that on Oct. 3 it was in the Bohai Sea off north China.

Griffiths said the four ships were officially listed on Oct. 5 “for transporting prohibited goods,” stressing that this was “swift action” by the sanctions committee following the Aug. 6 Security Council resolution that authorized port bans.

That resolution, which followed North Korea’s first successful tests of intercontinental ballistic missiles capable of reaching the United States, also banned the country from exporting coal, iron, lead and seafood products. Those goods are estimated to be worth over $1 billion – about one-third of the country’s estimated $3 billion in exports in 2016.

The Security Council unanimously approved more sanctions on Sept. 11, responding to North Korea’s sixth and strongest nuclear test explosion on Sept. 3.

These latest sanctions ban North Korea from importing all natural gas liquids and condensates, and cap its crude oil imports. They also prohibit all textile exports, ban all joint ventures and cooperative operations, and bars any country from authorizing new work permits for North Korean workers-key sources of hard currency for the northeast Asian nation.

Both resolutions are aimed at increasing economic pressure on the Democratic People’s Republic of Korea – the country’s official name – to return to negotiations on its nuclear and missile programs.

Griffiths told U.N. diplomats that the panel of experts is getting reports that the DPRK “is continuing its attempts to export coal” in violation of U.N. sanctions.

“We have as yet no evidence whatsoever of state complicity, but given the large quantities of money involved and the excess capacity of coal in the DPRK it probably comes as no surprise to you all that they’re seeking to make some money here,” he said.

Griffiths said the panel is “doing our very best to monitor the situation and to follow up with member states who maybe have been taken advantage of by the tactics deployed by DPRK coal export entities.”

As for joint ventures and cooperative arrangements, Griffiths said the resolution gives them 120 days from Sept. 11 to close down.

But “in a number of cases, the indications are that these joint ventures aren’t shutting down at all but are on the contrary expanding _ and therefore joint ventures is a major feature of the panel’s current investigations,” he said.

Griffiths also asked all countries to pay “special attention” to North Korea’s Mansudae Overseas Project Group of Companies, also known as the Mansudae Art Studio, which is on the sanctions blacklist and subject to an asset freeze and travel ban.

According to the sanctions listing, Mansudae exports North Korea workers to other countries “for construction-related activities including for statues and monuments to generate revenue for the government of the DPRK or the (ruling) Workers’ Party of Korea.”

Griffiths said Mansudae “has representatives, branches and affiliates in the Asia-Pacific region, all over Africa and all over Europe.” Without elaborating, he added that “they’re doing an awful lot more than producing statues in Africa.” (voa)

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$571 Mn In Cryptocurrency Stolen By North Korean Hacker Group

The Lazarus cybercrime group launched a highly sophisticated Bitcoin-stealing phishing campaign -- HaoBao -- which targeted global financial organisations and Bitcoin users.

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North Korean hacker group stole $571 mn in crypto attacks. Pixabay

Amid growing crypto-jacking episodes, a North Korean hacking group called Lazarus has stolen cryptocurrencies worth more than half a billion dollars.

According to The Next Web that cited findings from the annual report of cybersecurity vendor Group-IB late on Friday, Lazarus was behind 14 hacking attacks on cryptocurrent exchanges since January 2017 — stealing $571 million.

Lazarus is a hacking group which has been linked to a string of attacks against everything from banks to government agencies across the world.

Hackers targeted cryptocurrency exchanges with spear phishing, social engineering, and malware.

Cryptocurrency
Experts: Cyber attacks Growing Increasingly Sophisticated. Pixabay

“Spear phishing remains the major vector of attack on corporate networks. For instance, fraudsters deliver malware under the cover of CV spam [with an attachment] that has a malware embedded in the document,” the findings showed.

Group-IB expects the number of targeted attacks on cryptocurrency exchanges to rise, and not just the ones from Lazarus.

Nearly 10 per cent of the total funds raised by Initial Coin Offering (ICO) platforms over the past year and a half have been stolen.

According to the report, large phishing groups are capable of stealing $1 million a month.

Fraudsters are even building fake websites using stolen cryptocurrency project descriptions and plagiarized white papers.

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You cannot expect to rush into cryptocurrency trading and think you will make a huge
investment worth millions. Pixabay

“Fraudulent phishing-schemes involving crypto-brands will only get more complex as well as cybercriminals’ level of preparation for phishing attacks,” the group warned.

Security researchers have claimed that North Korea-based advanced persistent threat (APT) groups are increasingly attacking financial institutions and Bitcoin exchanges.

There were on average five new threat samples every second that resulted in a massive 629 per cent growth in cryptojacking and other cryptocurrency mining malware in the first quarter of 2018.

The coin miner malware grew a stunning 629 per cent to 2.9 million in the first quarter of 2018, from around 400,000 total known samples in Q4 2017, said a recent report from global cyber security firm McAfee.

Also Read: Is Investing in Bitcoin Safe? Get The Basics First

The Lazarus cybercrime group launched a highly sophisticated Bitcoin-stealing phishing campaign — HaoBao — which targeted global financial organisations and Bitcoin users.

When recipients open malicious email attachments, an implant would scan for Bitcoin activity and establishes an implant for persistent data gathering and crypto mining. (IANS)