US Sanctions N. Koreans, Hong Kong Co. Over WMD Ties

Law360, New York (January 24, 2013, 8:40 PM EST) -- The U.S. said Thursday that it has sanctioned two North Korean bank officials and a Hong Kong company for alleged ties to the proliferation of weapons of mass destruction, after the United Nations condemned North Korea’s December launch of a long-range rocket.

The U.S. Department of the Treasury targeted two individuals from Tanchon Commercial Bank — Kim Kwang-Il and Ra Ky'ong-Su — as well as Leader (Hong Kong) International Trading Ltd. pursuant to a 2005 executive order aimed at isolating and tying up the assets of...
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