August 05, 2021

U.S. finalizes blockade of N.Korea’s financial transactions

Financial measures will produce ‘no actual effect' due to 2005 BDA freeze: expert

The U.S. Department of the Treasury on Friday finalized moves to blockade North Korea’s transactions with the U.S. and third country financial institutions.

The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a "final rule” under Section 311 of the USA PATRIOT Act.