U.S. lists North Korea as money launderer, imposes financial strictures



News 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 Hamish Macdonald June 1, 2016 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Wikimedia Commons 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. 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. 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. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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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

Hamish Macdonald June 1, 2016

U.S. lists North Korea as money launderer, imposes financial strictures

Wikimedia Commons

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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