The indictment alleged that between April 2013 and November 2018, Mun and others conspired to transmit funds through the United States for the purpose of promoting bank fraud. Specifically, the indictment alleges that Mun and his co-conspirators used a network of front companies and falsified transaction records to conceal that the payments benefitted sanctioned North Korean entities and thereby deceived U.S. correspondent banks into executing correspondent banking transactions that they would otherwise have rejected. The indictment identifies more than $1.2 million in illicit transactions.
The indictment further alleged that Mun was affiliated with the DPRK’s primary intelligence organization, the Reconnaissance General Bureau, which is the subject of U.S. and U.N. sanctions. Mun pleaded guilty to all counts of the indictment, including one count of money laundering conspiracy, and four counts of money laundering, pursuant to an “Alford” plea, over the objection of the United States. Under the Alford plea, Mun pleaded guilty and avoided a trial but did not admit to the facts and conduct alleged in the indictment.
This investigation was conducted by the FBI’s Minneapolis Field Office and coordinated by the FBI’s Counterintelligence Division. The Department of Justice would also like to thank the U.S. Indo-Pacific Command and the U.S. Marshals Service Investigative Operations Division for providing analytical support during the investigation.