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US accuses Chinese company of transferring NKorean money

AP  |  Beijing 

US authorities have accused a Chinese company of helping North Korea evade financial sanctions and asked a to seize USD 1.9 million they said was improperly moved through American financial institutions.

A complaint released yesterday in accused Mingzheng International Trading Ltd. Of conducting transactions for North Korea's state-owned Foreign Trade Bank, the country's main foreign-exchange



The is barred from the US financial system under sanctions imposed in response to the North's nuclear weapons development.

The Department of Justice said the case would represent one of the largest US seizures of North Korean funds.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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US accuses Chinese company of transferring NKorean money

US authorities have accused a Chinese company of helping North Korea evade financial sanctions and asked a court to seize USD 1.9 million they said was improperly moved through American financial institutions. A complaint released yesterday in Washington accused Mingzheng International Trading Ltd. Of conducting transactions for North Korea's state-owned Foreign Trade Bank, the country's main foreign-exchange bank. The bank is barred from the US financial system under sanctions imposed in response to the North's nuclear weapons development. The Department of Justice said the case would represent one of the largest US seizures of North Korean funds. US authorities have accused a Chinese company of helping North Korea evade financial sanctions and asked a to seize USD 1.9 million they said was improperly moved through American financial institutions.

A complaint released yesterday in accused Mingzheng International Trading Ltd. Of conducting transactions for North Korea's state-owned Foreign Trade Bank, the country's main foreign-exchange

The is barred from the US financial system under sanctions imposed in response to the North's nuclear weapons development.

The Department of Justice said the case would represent one of the largest US seizures of North Korean funds.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

US accuses Chinese company of transferring NKorean money

US authorities have accused a Chinese company of helping North Korea evade financial sanctions and asked a to seize USD 1.9 million they said was improperly moved through American financial institutions.

A complaint released yesterday in accused Mingzheng International Trading Ltd. Of conducting transactions for North Korea's state-owned Foreign Trade Bank, the country's main foreign-exchange

The is barred from the US financial system under sanctions imposed in response to the North's nuclear weapons development.

The Department of Justice said the case would represent one of the largest US seizures of North Korean funds.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22