According to American authorities, Sim Hyun Sop plays a significant role in money laundering schemes and circumventing international sanctions in the interests of North Korea. His role includes overseeing financial flows, including cryptocurrency transactions, as well as assisting in the financing of weapons programs and the procurement of equipment through funds obtained from cybercrime and illegal activities.
According to the investigation, tens of millions of dollars have passed through Sim Hyun Sop's schemes, some of which were processed by major U.S. banks without their knowledge. Despite strict international sanctions, North Korean bankers continue to provide Pyongyang with access to the global financial system.
According to available data, Sim Hyun Sop may be in China and remains inaccessible to American law enforcement agencies.
