On Sept. 22, 2025, a post seeking a verified U.S. Payoneer account appeared on a Telegram channel run by Quangvietdnbg International Services Co. Ltd., a Vietnamese online financial company.

At first glance, it appeared to be a routine post seeking to buy a borrowed-name account on Payoneer, the electronic payments platform. Quangvietdnbg, however, was later found to have been involved in laundering money for North Korea.

Last month, the U.S. Treasury Department’s Office of Foreign Assets Control added Amnokgang Technology Development Co., based in Pyongyang, and Quangvietdnbg to its sanctions list targeting individuals and entities linked to North Korea. According to the Treasury, Amnokgang arranged for North Korean information…