About the Author
Ha-young Choi
Ha-young Choi was an NK News correspondent based in Seoul. She studied Korean history, mainly focusing on modern Korean history at Korea University. Follow her on twitter @Hy_Choi0826
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News FATF expected to keep North Korea sanctionsChanges unlikely in light of U.S. 'money-laundering concern' designation
The international anti-money laundering organization will discuss measures to implement sanctions against North Korea’s military threats at its meeting from Wednesday to Friday, despite Pyongyang’s new anti-money laundering law, adopted last month. The Financial Action Task Force (FATF) will organize this year’s meeting in Busan, South Korea. The discussion will mainly evaluate and endorse the implementation of anti-money laundering measures, and decide whether to maintain blacklists on countries such as Iran and North Korea. “The FAF should devise measures to practically implement the FATF’s global standard and related UN Security Council’s resolution, against the threat of nuclear weapons and © Korea Risk Group. All rights reserved. |