U.S. lists North Korea as money launderer, imposes financial strictures | NK News
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November 07, 2024
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U.S. lists North Korea as money launderer, imposes financial strictures

Recent measures aim to isolate North Korea from the U.S. and international banking system

The United States has designated North Korea a “primary money laundering concern” under section 311 of the Patriot Act, the U.S. Department of Treasury announced on Wednesday.

The designation – which puts at risk of sanctions any bank which does business with the DPRK – applies further financial measures against North Korea with the aim of isolating the country from the U.S. and international banking systems.

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