WASHINGTON: The US Justice Department accused North Korea’s state owned bank of evading US sanctions laws and charged 28 North Korean and five Chinese citizens with committing money laundering, bank fraud and other crimes.
In a grand jury indictment made public Thursday, US prosecutors accused North Korea’s Foreign Trade Bank of conspiring with the employees charged to cause other banks “to process at least US$2.5 bil in illegal payments via over 250 front companies.” The Washington Post said it is the largest ever North Korean sanctions violation case. – May 29, 2020, Reuters
