CHINA SAID TO CURTAIL ITS BANKS' RELATIONSHIP WITH NORTH KOREA

CHINA SAID TO CURTAIL ITS BANKS' RELATIONSHIP WITH NORTH KOREA

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Reports from China indicate that the country's Central Bank has notified Chinese banks to cease extending credit to North Korea, to refrain from accepting any new clients from the DPRK, and to wind down all business with that rogue nation. It is said this is in response to massive United Nations, and American, financial sanctions.

Chronicles of Monte Friesner - Financial Crime Analyst

Contributed by Kenneth Rijock - Financial Crime Consultant