US Sanctions N. Korea Bank For WMD Finance

Law360, Los Angeles (June 27, 2013, 4:14 PM EDT) -- The U.S. Department of the Treasury on Thursday announced targeted sanctions against North Korea’s Daedong Credit Bank, its front company and its China-based representative in the agency’s latest step to disrupt financing related to North Korea’s weapons of mass destruction program.

The action comes less than four months after the Treasury announced it was slapping North Korea’s primary foreign exchange bank, the state-owned Foreign Trade Bank, with sanctions as part of an international effort to tighten restrictions on Pyongyang's trade and banking activity since its Feb....
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