Hong Kong Electronics called a cover for North Korea 's missile proliferation network . U.S. Treasury says company 's U.S. assets frozen , transactions in U.S. prohibited . Comment: Goal is to stop misuse of financial system to advance arms programs , Treasury says .
Hong Kong Electronics called a cover for North Korea 's missile proliferation network . U.S. Treasury says company 's U.S. assets frozen , transactions in U.S. 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 , Treasury says .