North Korea says it may review cooperation with FATF | NK News
July 20, 2024
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North Korea says it may review cooperation with FATF

Letter from DPRK anti money laundering committee calls recent allegations on transparency 'unfair'

North Korea’s National Coordination Committee for AML/CFT (anti-money laundering and countering the financing of terrorism) sent a letter to the Financial Action Task Force (FATF) implying it may review its cooperation with the organisation, an article in DPRK media reads.

Kim Chon Gyun, vice-chairman of the DPRK’s money laundering organisation wrote the letter in response to a recent FATF communication which said North Korea poses a threat to the international financial system.

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