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North Korea Access To Financial System Blocked By US

2 years ago2 views

wochit

Wochit

Extending sanctions imposed on the isolated Asian country over its nuclear and missile programs, on Friday the United States formally prohibited U.S. financial institutions from opening or maintaining accounts created on behalf of North Korean banks.
As a means to support the proliferation of weapons of mass destruction and to evade international sanctions, the U.S. Treasury Department said North Korea was using front companies and agents to conduct illicit financial transactions.

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