Worldwide

New US sanctions hit 8 North Korean banks, 26 bank workers

New US sanctions hit 8 North Korean banks, 26 bank workers”

The Treasury's Office of Foreign Assets Control, which overseas U.S. sanctions programs, said the Foreign Trade Bank had carried out transactions on behalf of North Korea's weapons development program.

Trump, speaking in the Rose Garden on Tuesday, said North Korea must no longer be allowed to "threaten the entire world with unthinkable loss of life".

To implement the United Nations measures, Taiwan will suspend oil product exports to North Korea and clothing and related textile imports from the North.

This Order makes clear that any non-U.S. business that is engaged in trade related to North Korea risks sanctions exposure.

The 26 individuals are all North Korean nationals working as representatives of North Korean banks in China, Russia, Libya and the United Arab Emirates, the department said.

President Donald Trump signed an executive order on 21 September 2017 (the Order) tightening sanctions against North Korea in response to recent "provocative, destabilizing, and repressive actions and polices", including recent ballistic missile and nuclear tests.

The Trump administration on Tuesday announced new sanctions against North Korean banks.

The measure targets eight North Korean banks and 26 people "linked to North Korean financial networks", the Treasury said.

The eight banks are all in North Korea. He says it's part of the effort to isolate North Korea over its nuclear weapons program.



Like this

loading...
loading...

Latest


12 April 2018
New Jersey Looking Towards Sports Betting
New Jersey has demonstrated recently that financial returns from legalising gambling, in particular online gambling can be huge . As of April 2018 New Jersey have spent a massive $7.2M dollars in the fight to legalise sports betting within the state borders.

27 March 2018
The Growth of Online Gaming and Betting Companies
Even though brick and mortar casinos make offers to gamblers, they do not come anywhere close to what is offered on the wide web. Alternatively, they can be used to learn about the game and the features it comes with as well as the strategies that work best.

26 September 2017
LG integrates Google Assistant in its smart appliance portfolio
The standard and the mini versions will compete with the Amazon Echo (launched in July 2015) and Echo Dot (arrived in March 2016). LG's offer runs from October 8 to 25 and is applicable to about 90 smart appliances sold by LG.

26 September 2017
Netflix, Inc. (NFLX) Shares Bought by Suntrust Banks Inc
The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $81.51B. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website .

26 September 2017
'That's cheating' - Pulis rounds on Sanchez
Lacazette later doubled his tally for the day with a perfectly-placed penalty after Aaron Ramsey was taken out by Baggies stopper Allan Nyom.

26 September 2017
Gen. Dunford Says Transgender Troops Should Be Allowed to Serve
He believes the country now poses the greatest, most urgent, threat to the United States. The assessment by Marine Corps General Joseph Dunford, chairman of the U.S.

26 September 2017
UK's May To Meet With EU's Tusk To Unblock Brexit Talks
But EU officials say those talks can't happen until there has been "sufficient progress" on the terms of the divorce. It's likely they will decide it's too soon and will reassess the decision in December.

26 September 2017
Facebook teams up with National Football League to show game recaps
NFL Turning Point , Sound FX and NFL Game Recaps will be posted each week during the NFL season and available in the USA on Watch. The NFL and Facebook have entered into a huge partnership that will bring official game highlights to the social media network.

26 September 2017
United Kingdom attack: 7th man arrested
British police have released all but one of the seven suspects they arrested over the recent attack on a London subway train. The train attack occurred September 15 as a train departed from the Parsons Green subway station and caused a fire.

26 September 2017
Explore Fort Tilden State Park: An Abandoned New York City
As you approach the boat graveyard, as its name is, there are about more than 100 extinct vessels that rest in the relative peace. But in the recent years, it had gone from an obscure stretch to a favorite destination among the beachgoers and lovers as well.