Wall Street Journal (June 5)
2016/ 06/ 07 by jd in Global News
For North Korea’s “Kim Jong Un and the Chinese banks that sustain his regime, life is suddenly more complicated.” The U.S. designated “the entire country a ‘primary money-laundering concern.’ This is the biggest gun in the arsenal of financial sanctions. If enforced, it will make banks world-wide choose between doing business with North Korea and maintaining access to U.S. dollars.” Welcoming the more stringent designation, the Wall Street Journal writes, “It’s about time.”
Tags: Banks, China, Financial sanctions, Kim Jong Un, Money laundering, North Korea, U.S.
