US Moves to Block N. Korea's Access to Global Financial System

The United States is taking action to block North Korea's access to global financial systems, an effort aimed at preventing money laundering.

The Treasury Department on Wednesday designated North Korea as a "primary money-laundering concern.'' 

"The regime is notoriously deceitful in its financial transactions in order to continue its illicit weapons programs and other destabilizing activities," it said in a statement.

"The United States, the U.N. Security Council and our partners worldwide remain clear-eyed about the significant threat that North Korea poses to the global financial system."

In March, the U.N. Security Council passed a resolution requiring all U.N. members to cut off banking relations with Pyongyang for its continued missile tests.
 [voanews.com]
1/6/16
--
-
Related:

• The United States took steps Wednesday to lock North Korea out of the world financial system as it officially branded the country a "global money laundering concern."...

 --

• UN SC statement on N Korea blocked as US refuses to take account of Russia's proposals

• Russia proposes UN Security Council to call for reduction of military activity around DPRK (North Korea)

• US warns North Korea over latest missile test

• North Korea says under Leningrad-style siege from US