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US considers sanctions on NKorea in UN talks: Clinton

The United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  is weighing a variety of sanctions on North Korea for its recent nuclear test as diplomats craft a UN resolution against Pyongyang, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Secretary of State Hillary Clinton.

Clinton was asked whether financial sanctions on North Korea and its banks were being considered after a meeting with Turkish Foreign Minister Ahmet Davutoglu.

"We've made considerable progress in devising the kinds of actions that would represent consequences imposed upon the North Koreans by the international community," said Clinton. "We want to come up with the strongest possible resolution."

For the North Koreans, "it's never over till it's over, that if there are effective sanctions that we believe can be imposed, an arms embargo An arms embargo is an embargo that applies to weaponry. It may also include "dual use" items. An arms embargo may serve one or more purposes:
  1. to signal disapproval of behavior by a certain actor,
  2. to maintain neutral standing in an ongoing conflict, or
 and other steps to be taken, we need to see real results," she said.

"I am quite heartened by the progress that we're seeing in the United Nations Security Council. And when we believe we've gotten the strongest possible resolution we can get, we will table it and then proceed."

Clinton earlier met at the State Department with Korean Foreign Minister Yu Myung-Hwan. She described it as "a very productive meeting" in a brief encounter with reporters.

An agreement on broader UN sanctions against North Korea however is being held up by differences among key powers over tougher cargo inspections, a tighter arms embargo, a possible freeze on North Korean assets abroad and denial of access to the international banking and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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, according to diplomats at the United Nations.

In 2005 the US Treasury Department blacklisted Macau's Banco Delta Asia Banco Delta Asia (Traditional Chinese: 滙業銀行) is a Macao-based bank, owned by the Delta Asia Financial Group, which has been in operation since 1935.  on suspicion of money-laundering and handling North Korea's counterfeit To falsify, deceive, or defraud. A copy or imitation of something that is intended to be taken as authentic and genuine in order to deceive another.

A counterfeit coin is one that may pass for a genuine coin and may include a lower denomination coin altered so that it may
 notes, freezing Pyongyang's access to some 25 million dollars in its BDA BDA Battle Damage Assessment
BDA Bundesvereinigung der Deutschen Arbeitgeberverbände (German: Confederation of German Employers' Associations)
BDA British Dental Association
BDA Blu-ray Disc Association
BDA Bund Deutscher Architekten
 accounts.

After the blacklisting several other banks in Asia were persuaded to stop handling Pyongyang's business, making even legitimate transactions difficult.

The North Korean funds were later freed for collection as a result of a 2007 agreement on denuclearization.

The UN Security Council's five permanent members -- Britain, China, France, Russia and the United States -- plus their counterparts from Japan and South Korea have been haggling over an expanded set of sanctions since North Korea's May 25 underground nuclear test.
Copyright 2009 AFP Global Edition
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Author:AFP
Publication:AFP Global Edition
Date:Jun 6, 2009
Words:359
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