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Reuters: Sony Hack Prompts Financial Sanctions on North Korean Entities

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WhiteHouseAn executive order from President Barack Obama has imposed financial sanctions on three entities and 10 individuals from North Korea as an intended punishment the cyber attack on Sony Pictures Entertainment, Reuters reported Sunday.

Julia Edwards and Jason Lange write that North Korea’s military intelligence organization, Korea Mining Development Trading, Korea Tangun Trading and certain employees of the two companies are barred from transactions with U.S. financial organizations.

Obama has also authorized the Treasury Department to sanction some officials from the North Korean government and the Workers’ Party of Korea or their representatives, the report said.

According to the report, a statement from Treasury Secretary Jack Lew indicates a continued FBI investigation on the Sony hack.

“[These] steps underscore that we will employ a broad set of tools to defend U.S. businesses and citizens, and to respond to attempts to undermine our values or threaten the national security of the United States,” the statement said.

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