A U.S. bank has been fined over $100,000 for illegally processing more than a thousand payments from North Korea and opening accounts for North Korean nationals, according to the Treasury Department.
TD Bank violated sanctions by processing 1,479 transactions worth about $383,000 from employees at the North Korean mission to the United Nations, and maintained nine accounts on behalf of five employees from the mission without a license, Treasury said in a statement released Thursday.
A U.S. bank has been fined over $100,000 for illegally processing more than a thousand payments from North Korea and opening accounts for North Korean nationals, according to the Treasury Department.
TD Bank violated sanctions by processing 1,479 transactions worth about $383,000 from employees at the North Korean mission to the United Nations, and maintained nine accounts on behalf of five employees from the mission without a license, Treasury said in a statement released Thursday.
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