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  • U.S. slap against bank stuns foreign business in N. Korea(choking foreign business links)

    09/20/2005 8:44:07 AM PDT · by TigerLikesRooster · 4 replies · 466+ views
    Kyodo News ^ | 09/19/05
    Monday September 19, 7:00 PM U.S. slap against bank stuns foreign business in N. Korea (Kyodo) _ A U.S. Treasury condemnation of the bank through which North Korea does most transactions with foreign companies could set back foreign trade with a country just beginning to open its markets, business people said Monday. The U.S. Department of the Treasury finding on Thursday that Macao-registered Banco Delta Asia SARL was a "primary money laundering concern" and proposal to ban U.S. financial institutions from doing business with it could freeze some U.S. dollar accounts or force foreign-North Korean transactions underground, they said. Companies...