US slaps North Korea with new sanctions targeting the 'regime’s global illicit networks'

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US slaps North Korea with new sanctions targeting the 'regime’s global illicit networks'
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The Treasury Department slapped three companies and two individuals with fresh sanctions on Wednesday for 'illicitly generating revenue' for North Korea.

Fox News contributor and former Secretary of State Mike Pompeo says the U.S. is facing 'cascading crises.'

The U.S. Treasury Department slapped three companies and two individuals with fresh sanctions on Wednesday for "illicitly generating revenue" for theTwo of the companies, Chilsong Trading Corporation and Paekho Trading Corporation, act as fronts for North Korean intelligence operatives and earn foreign currency for the regime.

The third company, Congo Aconde SARL, has been active in construction and statue-building projects in the Democratic Republic of the Congo since at least 2018. Hwang Kil Su and Pak Hwa Song, the founders of that company, wereNorth Korean leader Kim Jong Un attends a politburo meeting of the ruling Workers' Party of Korea in Pyongyang.

The latest round of sanctions come amid increased tensions between North Korea and U.S. allies in the region, including South Korea and Japan.

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