Multilateral Sanctions Monitoring Team (MSMT) report, 22 Oct 2025
Japan case 4: individuals assisting North Korean IT workers · 2024
(MSMT/2025/2, report p. 90) “Japan has investigated several cases involving individuals assisting North Korean IT workers in Japan, including: Case 4 (2024): ... the suspects conducted Forex trading using such software, believed to have been developed by North Korean IT workers. It was found that they obtained profits of approximately 17 million JPY (approximately $121,429) from foreign exchange trading, instructed by an individual believed to be a North Korean IT worker in Russia, and that approximately 30 percent of the profits were distributed to the North Korean side. It was also found that the suspects received approximately 56 million JPY (approximately $400,000) from overseas IT companies for software development, of which approximately 42 million JPY (approximately $300,000) was transferred abroad ...” (yen-dollar conversions are the report’s own, footnote 288: “Calculated at $1 = 140 JPY”)