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         US Moves to Block N. Korea's Access to Global Financial System

   by VOA News

   The United States is taking action to block North Korea's access to
   global financial systems, an effort aimed at preventing money
   laundering.

   The Treasury Department on Wednesday designated North Korea as a
   "primary money-laundering concern.''

   "The regime is notoriously deceitful in its financial transactions in
   order to continue its illicit weapons programs and other destabilizing
   activities," it said in a statement.

   "The United States, the U.N. Security Council and our partners
   worldwide remain clear-eyed about the significant threat that North
   Korea poses to the global financial system."

   In March, the U.N. Security Council passed a resolution requiring all
   U.N. members to cut off banking relations with Pyongyang for its
   continued missile tests.
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   [1]http://www.voanews.com/content/north-korea-global-financial-system/3
   357404.html

References

   1. http://www.voanews.com/content/north-korea-global-financial-system/3357404.html