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US Treasury blacklists more N. Koreans linked to arms dealing

December 8, 2015
North Korea displays road-mobile intercontinental ballistic missiles, known as the KN-08, with round warheads during a military parade on Oct. 10, 2015, at Kim Il-sung Square in Pyongyang to mark the 70th anniversary of the founding of the ruling Workers' Party. (Yonhap)

North Korea displays road-mobile intercontinental ballistic missiles, known as the KN-08, with round warheads during a military parade on Oct. 10, 2015, at Kim Il-sung Square in Pyongyang to mark the 70th anniversary of the founding of the ruling Workers’ Party. (Yonhap)

WASHINGTON (AP) — The Treasury Department has blacklisted six North Korean banking representatives and three shipping companies in the latest effort to target through sanctions the isolated nation’s weapons proliferation.

The targets include a Russia-based representative of North Korea’s Foreign Trade Bank and five representatives of the Tanchon Commercial Bank, including individuals based in Syria and Vietnam.

Both banks themselves are already on the Treasury blacklist. Tanchon is described as the financial arm of Korea Mining Development Trading Corporation, the North’s premier arms dealer.

Additionally, Treasury blacklisted three North Korean shipping companies, and the State Department designated the Strategic Rocket Force of the Korean People’s Army for conducting ballistic missile launches.

Treasury says Tuesday’s actions are designed to counter sanctions evasion and prevent North Korea’s government from accessing the U.S. financial system.

One Comment

  1. department of treasury

    March 29, 2016 at 5:16 AM

    Gates of Vienna

    Reply