Pyongyang on Saturday blasted Washington for recently designating the state as a “primary money laundering concern.”

The North Korean report, issued through the Korean Central News Agency read that “the U.S. is sadly mistaken” if it thinks that such pressure can help it attain its political goals regarding Pyongyang.

“North Korea is not frightened in the least by the U.S.’s stereotypical method of labeling us as ‘money launderers,’ not being content with already branding us as ‘nuclear proliferators,’ ‘human rights abusers,’ etc.,” the spokesperson for North Korean National Coordination Committee was quoted as saying.

On Wednesday, under section 311 of