Tuesday, February 12, 2019

Case of the Day: United States v. 1,071,251.44 of Funds Associated with Mingzheng Int'l Trading, 2018 U.S. Dist. LEXIS 138071 (D.D.C. June 29, 2018)


The Department of Justice filed the in rem forfeiture action against certain funds associated with Mingzheng International Trading, which is alleged to be a front company that North Korea's Foreign Trade Bank used in Shenyang, China to launder money. With the laundered money, Mingzheng allegedly entered into a number of illegal transactions with other sanctioned entities, including the Chinese telecom company ZTE.

The magistrate judge recommended the default judgment be granted and forfeiture authorized.


As we are entering the age of tensions with China and North Korea, doing law with Asian parties increasingly means being familiar with sanctions scheme and the consequences of violating sanctions.

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