[TigerLikesRooster]

China banks fear US North Korea sanctions

China's big banks have been quietly but surely weaning themselves off North Korean money.

This is not particularly about their troublesome neighbour. It is because of a fear of US repercussions.

Bank branches near the North Korean border have told the BBC they've been instructed not to open any new accounts for that country's citizens and businesses.

This is not part of any United Nations sanctions regime.

It is an attempt to head off further US measures targeting Chinese banks which are accused of doing sanctions-busting business with North Korea

[Wuli]

Meanwhile Russians have been busily creating all sorts of front companies registered around the world to market goods to North Korea to evade sanctions.