| Submit your comments on this article |
| China-Japan-Koreas |
| U.S. Tracking N.Korea's Money Flow for Sanctions |
| 2010-07-30 |
| The U.S. State Department on Wednesday said it is carefully tracking North Korea's money flow with regard to financial sanctions it will impose against the Stalinist country early next month, and that the additional sanctions will target dealings related to North Korean leaders. In a press briefing on Wednesday, State Department spokesman Philip Crowley said, "Our focus is on transactions that get at specific areas of concern to us related to [weapons of mass destruction] proliferation activities and related to the [North Korean] leadership that promotes the policies that are of greatest concern to us." "There are existing international sanctions," he also said. "All countries regard – have obligations under existing sanctions, including [UN Security Council] Resolution 1874, and we would expect all countries to join us in putting pressure on North Korea through a variety of ways to change their course of action." Asked about a news report that North Korean leader Kim Jong-il is handing over his slush funds stashed away at overseas banks to his third son and heir apparent Jong-un, Crowley said, "On particular thing – actions like that, I would probably defer to the Department of Treasury. We clearly are focused on funds as they move to and from North Korea." |
| Posted by:Steve White |
| #2 [UN Security Council] Resolution 1874, and we would expect all countries to join us in putting pressure on North Korea through a variety of ways to change their course of action." Has our astutely "focused" Mr. Crowley been asleep under a large oak tree for the past thirty years or so? Chronic diplomatic denial, there really is no known cure. |
| Posted by: Besoeker 2010-07-30 06:18 |
| #1 Boy it sure would be helpful if the NYT hadn't spilled the beans on how we did that a few years back, wouldn't it? Maybe they should do it again now. |
| Posted by: gorb 2010-07-30 02:11 |