U.S. targets Chinese bank, entity and nationals in new N. Korea measures

News

U.S. targets Chinese bank, entity and nationals in new N. Korea measures

Treasury proposes cutting the Bank of Dandong out of U.S. financial system

Hamish Macdonald | Leo Byrne June 29, 2017

U.S. targets Chinese bank, entity and nationals in new N. Korea measures

The Back of the One Dollar by KJGarbutt on 2011-11-20 20:55:14

The United States Department of the Treasury has unveiled sanctions on a Chinese shipping company and two Chinese nationals, as well as proposing the exclusion of a Chinese bank from the U.S. financial system, in a new round of North Korea-focused sanctions on Thursday.

The measures against a shipping company and two individuals are pursuant to Executive Orders while the proposal to designate the Bank of Dandong as a financial institution of primary money laundering concern is pursuant to Section 311 of the Patriot Act.

About the Authors

Hamish Macdonald

Hamish Macdonald is an Associate Fellow at RUSI who formerly worked on Project SANDSTONE and formerly a journalist and researcher who has focused uniquely on North Korea related topics and affairs. He was previously the COO of the Korea Risk Group, which produces the NK News and NK Pro. Specialising in this area, his investigations covered topics including North Korean sanctions evasion activities, domestic economic development and human rights.

View more articles by Hamish Macdonald EMAIL Got a news tip?Let us know!

Leo Byrne

Leo Byrne was the Data and Analytic Director at NK News. Follow him on twitter.

View more articles by Leo Byrne EMAIL Twitter Got a news tip?Let us know!