U.S. designates China-based bank as 'primary money-laundering concern'

Описание: 미국, 중국 단둥은행 '돈세탁 우려기관' 첫 지정... 정부, "미국의 '북한한 불법활동 연루 금융기관' 제재, 비핵화 기여"

The Trump administration has,... for the first time,... designated a China-based bank as a "primary money-laundering concern."
It has also blacklisted two Chinese individuals and a Chinese shipping company to increase pressure on North Korea.
Connie Kim sheds light on this development.
Marking a new phase in the Trump administration's pressure on North Korea, the U.S. government has blacklisted a Chinese bank accused of illicit dealings with North Korea.
Announcing the new measures, Treasury Secretary Steve Mnuchin said the Bank of Dandong has served as a gateway for the regime to access the U.S. and international financial systems.
This access facilitated transactions for companies involved in the North's nuclear and missile programs.


"The United States will not stand for such action. This will require US banks to ensure that the Bank of Dandong does not access the US financial system directly or indirectly through other foreign banks. This action reaffirms the Treasury Department's commitment to ensure that North Korea is cut off from the US financial system."

The Bank of Dandong is a small bank that borders North Korea but the action is expected to have a warning effect on other banks providing financial services for Pyongyang or firms linked to the regime.
This resembles a case when the George W. Bush administration in 2005 declared the Macao-based bank, Banco Delta Asia, a money-laundering institution.
That decision severely limited North Korea's financial ties to the world.

The White House also imposed sanctions on two Chinese nationals and a Chinese shipping firm, Dalian Global Unity Shipping Company, that are believed to have links with Pyongyang's nuclear programs.

The measures come as senior U.S. officials have accused Beijing of falling short of what it could bring to bear on North Korea in terms of pressure.
Mnuchin made clear the measures are not targeted at China,…but stressed the U.S. will meet with China at next week's G20 summit in Germany to further discuss ways to clamp down on North Korea's illicit activities.

The South Korean government, seen to have a more dovish approach to North Korea than the U.S., says Washington's actions will contribute to North Korea's denuclearization as it blocks the regime's nuclear and missile development activities.
Connie Kim, Arirang News.

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