North Korea 's Electronics called a cover for Hong Kong missile proliferation network . Treasury says company 's U.S. assets frozen , transactions in Hong Kong prohibited . Hong Kong Electronics in Kish Island , Iran , was added to the list of `` designated proliferators of weapons of mass destruction and their supporters '' for working with two others already on the list : North Korea 's Tanchon Commercial Bank and the Korea Mining Development Trading Corp. ( KOMID ) , according to a Treasury news release . It says company worked with bank , arms dealer tied to other sanctioned entities . Goal is to stop misuse of financial system to advance arms programs , U.S. Treasury says .
North Korea 's Electronics called a cover for Hong Kong missile proliferation network . Treasury says company 's U.S. assets frozen , transactions in Hong Kong prohibited . It says company worked with bank , arms dealer tied to other sanctioned entities . Goal is to stop misuse of financial system to advance arms programs , U.S. Treasury says .