Chinese firm charged with plotting to avoid N. Korea sanctions

WASHINGTON — The Justice Department on Monday unsealed criminal charges against a China-based company and four of its executives for conspiring to evade U.S. economic sanctions that target North Korea's nuclear weapons and ballistic missiles programs.

Also Monday, the Treasury Department blacklisted the same firm, Dandong Hongxiang Industrial Development Company, and the individuals. The department alleged in a statement that Hongxiang has provided financial services to a North Korean firm that is already sanctioned, Korea Kwangson Banking Corporation.

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