The Australian government has implemented financial sanctions and travel bans against four entities and an individual accused of involvement in cybercrime to fund North Korea’s illegal weapons programs. These actions were coordinated with the United States, as international concern grows over North Korea’s escalating cyber operations. 2024 data suggests that North Korean hackers stole at least $1.9 billion in cryptocurrency from companies worldwide. The stolen funds have been laundered through a complex network of North Korean nationals and facilitators. According to the Australian Department of Foreign Affairs and Trade, these activities pose significant threats to global financial systems and international security. Findings by the Multilateral Sanctions Monitoring Team (MSMT) reveal the extensive scale of North Korea’s cybercrimes. The report highlights North Korea’s use of cryptocurrencies for transferring military equipment and raw materials such as copper, fueling their weapons development programs despite existing UN sanctions. Australia emphasizes its commitment to working with international partners to combat malicious cyber activity and uphold responsible state behavior in cyberspace. They reiterate the need for North Korea to fully comply with United Nations Security Council resolutions demanding a complete dismantling of WMDs and missile programs.