You are here: Home » Reuters » News
Business Standard

U.S. accuses Chinese company of money-laundering for North Korea

Reuters  |  WASHINGTON 

WASHINGTON (Reuters) - The United States has accused a Chinese-based company of acting as a front for laundering money on behalf of a sanctioned North Korean bank and has filed a complaint seeking $1.9 million from it, U.S. prosecutors said on Thursday.Mingzheng International Trading Limited has facilitated prohibited dollar transactions through the United States on behalf of the Foreign Trade Bank, a North Korean bank, and laundered the proceeds, the U.S. Attorney's Office in the District of Columbia said in a statement.The $1.9 million forfeiture action "represents one of the largest ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, June 16 2017. 14:25 IST
RECOMMENDED FOR YOU