U.S. confirms Bank of Dandong designation for North Korea transactions | NK News
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October 01, 2026Oct 01, 2026

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U.S. confirms Bank of Dandong designation for North Korea transactions

FinCEN designates Chinese bank as a primary money laundering concern

The U.S. has made a final ruling enforcing measures against China’s Bank of Dandong under Section 311 of the PATRIOT Act for its facilitation of illicit North Korean financial activity, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) said on Thursday.

On June 29, FinCEN proposed that the Bank of Dandong be designated as a financial institution of primary money laundering concern and submitted a notice of proposed rulemaking (NPRM) to the federal register for review.

This proposal has now been enforced and severs the bank from the U.S. financial system, which it is accused of assisting North