Gambian Financial Institution

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The UN Panel of Experts listed the Gambian financial institution case among DPRK cyber-enabled financial theft activity used to generate and launder revenue outside the traditional banking system. The incident fits the report's broader sanctions-evasion framing: DPRK cyber actors targeted financial institutions and cryptocurrency exchanges to obtain funds for state programs, with activity described as linked in many cases to Reconnaissance General Bureau direction.

UN Panel of Experts S/2019/691

Annex 21: Suspected DPRK cyber-attacks on financial institutions (including banks and cryptocurrency exchanges) investigated by the Panel. A. Banks. Attempted theft of 12.2M USD

Mendeley Data: Collection of DPRK state-sponsored threat actors' activities v2 (Lyu, Sungkyunkwan Univ.)

Reported: 2019-03; Victims: Gambian Financial Institution; Motivations: FinancialGain; Sectors: Finance; Countries: Gambia

Annex 21: Suspected DPRK cyber-attacks on financial institutions (including banks and cryptocurrency exchanges) investigated by the Panel

March 2019 Gambia Attempted theft of 12.2M USD