Taiwanese firm sanctioned for aiding North Korea

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“It is essential that we continue to make it as difficult as possible for North Korea to facilitate its nuclear and ballistic missile programs by exposing key cogs in North Korea’s procurement network,” said Treasury Under Secretary for Terrorism and Financial Intelligence David Cohen in a statement.

"We will continue to work with our partners in Federal law enforcement and our friends around the world to expose anyone assisting the North Korean government’s illicit procurement activities,” he added.

Trans Multi Mechanics and its CEO, Chang Wen-Fu, will be banned from engaging in financial transaction with Americans and all of their assets in the country will be frozen.