U.S. targets North Korea-linked funds processed through 8 major banks



News U.S. targets North Korea-linked funds processed through 8 major banks U.S. says $700 million in funds processed on behalf of DPRK-linked Chinese network since 2009 Hamish Macdonald July 7, 2017 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Dollars by KJGarbutt on 2011-11-20 20:54:33 The U.S. government has attempted to seize funds from accounts within eight major financial institutions linked to North Korea and its military, a Memorandum and Order (MO) document published on Thursday shows. The document, published by the District Court for the District of Columbia, reveals that the U.S. government filed applications for “damming” seizure warrants for the eight banks, which it claims to have processed $700 million dollars on behalf of entities with links to North Korea over the last eight years. The documents do not say the banks did so knowingly. According to the MO, the U.S. Government places © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update & Podcast Updates Start your day with the North Korea stories that matter most – as selected by Trending

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U.S. targets North Korea-linked funds processed through 8 major banks

U.S. says $700 million in funds processed on behalf of DPRK-linked Chinese network since 2009

Hamish Macdonald July 7, 2017

U.S. targets North Korea-linked funds processed through 8 major banks

Dollars by KJGarbutt on 2011-11-20 20:54:33

The U.S. government has attempted to seize funds from accounts within eight major financial institutions linked to North Korea and its military, a Memorandum and Order (MO) document published on Thursday shows.

The document, published by the District Court for the District of Columbia, reveals that the U.S. government filed applications for “damming” seizure warrants for the eight banks, which it claims to have processed $700 million dollars on behalf of entities with links to North Korea over the last eight years.

The documents do not say the banks did so knowingly.

According to the MO, the U.S. Government places

U.S. targets North Korea-linked funds processed through 8 major banks

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Hamish Macdonald

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