North Korean bank blacklisted by OFAC now providing trust fund services: leaflet | NK News
NK News Logo
November 24, 2024
NK News is hiring
News

North Korean bank blacklisted by OFAC now providing trust fund services: leaflet

DPRK Credit Development Bank provides up to 8.5% rates of returns

A North Korean bank blacklisted by the U.S. Department of the Treasury is now providing customers with trust fund accounts and significant rates of return, a pamphlet obtained in-country by NK News has revealed.

The Daesong Credit Development Bank was established in 1994 and has branches in the DPRK and overseas. The bank has implemented “comprehensive financial services", the brochure claims.

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.