US Secretary of the Treasury Steven Mnuchin testifies to the House Financial Services hearing on state of the international financial system on Capitol Hill in Washington, US, July 12, 2018. (Photo: REUTERS/Joshua Roberts)

The Turkish company is SIA Falcon International Group. The sanctions also target a North Korean citizen.North Korea is under several sanctions from the UN and the US because of its nuclear and missile programs. North Korean leader Kim Jong-un pledged to complete denuclearization of the Korean peninsula at the Trump-Kim meeting in June in Singapore in exchange for ensured security from the US. The US said it won’t lift sanctions until North Korea makes verifiable moves to denuclearize.