Friday, Dec 19, 2014Friday, Dec 19, 2014

News

 

US cites N. Korea bankers for weapons proliferation

Published on Jan 25, 2013 6:08 AM
 

WASHINGTON (AFP) - The United States (US) Treasury on Thursday imposed sanctions on two Beijing-based North Korean bankers for their role in exporting Pyongyang's weapons technology and equipment, including to Iran.

Also named for sanctions was a Hong Kong-based trading company which the Treasury said facilitates weapons-related shipments on behalf of Pyongyang's "premier arms dealer", the Mining Development Trading Corporation known as KOMID, the Treasury said.

The Treasury said Ra Ky'ong Su and Kim Kwang Il are Beijing representatives of Tanchon Commercial Bank (TCB), which it called the "financial arm" of KOMID.

"TCB plays a role in financing KOMID's sales of ballistic missiles and has also been involved in ballistic missile transactions from KOMID to Iran's Shahid Hemmat Industrial Group, the US and United Nations (UN) -designated Iranian organisation responsible for developing liquid-fuelled ballistic missiles," it said.

 
If you are not a subscriber, you can get instant, unlimited access here