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China-Japan-Koreas |
US envoy in Hong Kong for NKorea bank talks |
2006-10-23 |
![]() The US consulate here covers Macau. Macau's Banco Delta Asia has been pinpointed as a link in the laundering of funds to North Korea, prompting the US Treasury last year to urge the Macau government to freeze the lender's assets. The Treasury in September labelled the Macau-based bank a 'primary money laundering concern' and then blacklisted eight North Korean companies in connection with the bank that it said were involved in spreading weapons of mass destruction. Pyongyang denies the charges and has cited the sanctions in its refusal to join the next round of nuclear talks with the US and other regional players, including China, aimed at ending its nuclear weapons programme. |
Posted by:Fred |