Three sanctioned DPRK banks were barred from the world’s most important financial messaging service on Wednesday, following the publication of a UN Panel of Experts (PoE) report which showed they had continued to use the service despite their designation.
The SWIFT (Society for Worldwide Interbank Financial Telecommunication) system allows banks and financial institutions to communicate about transactions and trades.
Three sanctioned DPRK banks were barred from the world’s most important financial messaging service on Wednesday, following the publication of a UN Panel of Experts (PoE) report which showed they had continued to use the service despite their designation.
The SWIFT (Society for Worldwide Interbank Financial Telecommunication) system allows banks and financial institutions to communicate about transactions and trades.
Become a member for less
than $5.75 per week.
-
Unlimited access to all of NK News: reporting, investigations,
analysis
-
The NK News Daily Update, an email newsletter to keep you in
the loop
-
Searchable archive of all content, photo galleries, special columns
-
Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting,
investigations, and analyses by our team of DPRK experts.
Subscribe
now
All major cards accepted. No commitments – you can cancel any time.
SHARE
COPY LINK
X
MASTODON
