U.S. Agencies Modernize Surveying; OFAC Targets North Korea IT Fraud
What happened
The U.S. Census Bureau and U.S. Bureau of Labor Statistics are holding a webinar to discuss their joint effort to modernize the Current Population Survey, which is being done because response rates are declining. Separately, OFAC designated individuals in Russia and North Korea who facilitate IT worker schemes that defraud U.S. businesses and fund weapons programs.
From newsroomamerica.com
Why it matters
The survey modernization effort is designed to maintain the accuracy of economic indicators used by agencies like the Social Security Administration and the Federal Open Market Committee. The OFAC action restricts revenue streams for North Korea by targeting the networks behind its IT worker schemes.
From newsroomamerica.com
Who's involved
- Bureau of Labor StatisticsU.S. Bureau of Labor Statistics is modernizing the Current Population Survey.
- governmentGovernment agencies are involved in modernizing the Current Population Survey.
- North KoreaNorth Korea is the source of IT worker schemes targeted by OFAC.
- KoreaKorea is a region where OFAC sanctions target IT worker schemes.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- North KoreaSpeculative
North Korea might face restricted revenue generation due to OFAC sanctions targeting IT worker schemes.
- Bureau of Labor StatisticsSpeculative
The modernization of the Current Population Survey could help ensure stable Cost of Living Adjustments for Social Security benefits.