Printer Friendly

US Slaps More Sanctions On North Korea.

The U.S. Department of Treasury imposed a fresh round of sanctions Tuesday against six North Korean bankers and three shipping companiesAaAaAeAeAaAeAe their links to illegal arms trafficking and financing operations. The sanctions list included Pyongyang'sAaAaAeAeAaAeAeA Strategic Rocket Force, w U.S. officials had earlier targeted for conducting several (http://www.ibtimes.com/kim-jong-un-seeks-modern-precise-rockets-think-tank-says-north-korea-has-ballistic-2166354) ballistic missile launches in 2014.

The list was aimed at preventing North Korea from accessing the U.S. financial system and to maintain the effectiveness of the existing sanctions, reports said. And, the treasury department said that the rocket commandAaAaAeAeAaAeAeA "materially contributed" to developingAaAaAeAeAaAeAeA the c ballistic missiles program.

"As a result of today's action, any property or interest in property of the designated persons in the possession of U.S. persons or within U.S. jurisdiction must be frozen," the treasury department said, in a (https://www.treasury.gov/press-center/press-releases/Pages/jl0295.aspx) statement released Tuesday.

Five representatives from the Tanchon Commercial Bank, which was placed under sanctions by the U.S. in 2005, were targeted in the latest round of sanctions by the U.S. Two of them -- Jang Bom Su and Jon Myong Guk -- were based in Syria, the Wall Street Journal reported Tuesday. Two other representatives based in Vietnam were identified as Choe Song Il and Kim Jung Jong. The fifth representative was identified as Koe Tae Hun who, along with Jon, reportedly helpedAaAaAeAeAaAeAeA move funds linke the Korea Mining Development Trading Corp. The mining company was also placed under sanctions in 2005.

Kim Kyong Nam, a Russia-based representative for North Korea's Foreign Trade Bank, was also named in the sanctions list, the Journal (http://blogs.wsj.com/riskandcompliance/2015/12/08/u-s-imposes-more-sanctions-on-north-korea/) reported . The bank faced sanctions in 2013.

Shipping companies, Haejin Ship Management Co., Pyongjin Ship Management Co. and Yongjin Ship Management Co. -- which are owned by Ocean Maritime Management Co. -- were also targeted. The U.S. treasury accused (http://www.ibtimes.com/un-blacklists-north-korean-shipping-company-smuggling-mig-21-jet-fighters-korea-1641714) Ocean Maritime , which faced sanctions in 2014 from the United Nations for smugglingAaAaAeAeAaAeAeA Soviet-era arms, including two MiG-21 fighter pla of using aliases and fronts to operate.

"North Korea threatens international peace and security by expanding its nuclear program and continuing its proliferation of weapons of mass destruction and conventional weapons," Adam J. Szubin, the acting under secretary for terrorism and financial intelligence, said, in the statement from the treasury department, adding:AaAaAeAeAaAeAeA "Treasury is commi to exposing North Korea's global proliferation network and excluding these facilitators from the international financial system."

North Korea has been the subject of U.S. sanctions aimed mainly at discouraging the former's ambitions to become a nuclear power.AaAaAeAeAaAe September,AaAaAeAeAaAeAeA Pyongyang accused the U.S. of trying to "(http://www.ibtimes.com/north-korea-accuses-us-trying-suffocate-pyongyang-through-sanctions-2116 suffocate " North Korea with its sanctions, which it said were a result of anAaAaAeAeAaAeAeA "inveterate animosity and hostile policy" toward the North K
COPYRIGHT 2015 IBT Media, formerly dba International Business Times
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2015 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:International Business Times - US ed.
Date:Dec 9, 2015
Words:478
Previous Article:Apple TV Subscription Service Said To Be On Hold.
Next Article:China Raises Concerns Over US Plane Deployment In Singapore.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters