ID :
85836
Sat, 10/24/2009 - 06:45
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https://www.oananews.org//node/85836
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U.S. lists N. Korean bank for involvement in missile sales to Iran By Hwang Doo-hyong WASHINGTON, Oct. 23 (Yonhap) -- The United States Friday blacklisted a North Korean bank and its president for
U.S. lists N. Korean bank for involvement in missile sales to Iran
By Hwang Doo-hyong
WASHINGTON, Oct. 23 (Yonhap) -- The United States Friday blacklisted a North
Korean bank and its president for their involvement in proliferation of ballistic
missiles to Iran.
The Department of the Treasury issued a statement and "designated Amroggang
Development Bank as a proliferator of weapons of mass destruction under Executive
Order 13382 for being owned or controlled by North Korea's Tanchon Commercial
Bank."
The Treasury described Tanchon as "the financial arm of the U.S. and
U.N.-designated North Korean company Korea Mining Development Corporation,"
saying it "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 U.S. and U.N.-designated Iranian organization
responsible for developing liquid-fueled ballistic missiles."
KOMID is North Korea's premiere arms dealer and main exporter of goods and
equipment related to ballistic missiles and conventional weapons.
Tanchon, a Pyongyang-based commercial bank, is already being sanctioned by E.O.
13382 and the U.N. Security Council Resolution 1718 adopted after North Korea's
rocket launch in April.
E.O. 13382 freezes the assets of designated proliferators of weapons of mass
destruction and their supporters and prohibits U.S. persons from engaging in any
transactions with them.
Kim Tong-myong, Tanchon's president, was also designated for acting on behalf of
Tanchon, the statement said, noting Kim "has held various positions within
Tanchon since at least 2002" and "has also played a role in managing Amroggang's
affairs using the alias Kim Chin-sok."
"As long as North Korea continues to try to evade sanctions and obscure its
illicit proliferation transactions, we will take steps to combat that activity
and protect the integrity of the international financial system," said Under
Secretary of Treasury for Terrorism and Financial Intelligence Stuart Levey.
hdh@yna.co.kr
(END)
By Hwang Doo-hyong
WASHINGTON, Oct. 23 (Yonhap) -- The United States Friday blacklisted a North
Korean bank and its president for their involvement in proliferation of ballistic
missiles to Iran.
The Department of the Treasury issued a statement and "designated Amroggang
Development Bank as a proliferator of weapons of mass destruction under Executive
Order 13382 for being owned or controlled by North Korea's Tanchon Commercial
Bank."
The Treasury described Tanchon as "the financial arm of the U.S. and
U.N.-designated North Korean company Korea Mining Development Corporation,"
saying it "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 U.S. and U.N.-designated Iranian organization
responsible for developing liquid-fueled ballistic missiles."
KOMID is North Korea's premiere arms dealer and main exporter of goods and
equipment related to ballistic missiles and conventional weapons.
Tanchon, a Pyongyang-based commercial bank, is already being sanctioned by E.O.
13382 and the U.N. Security Council Resolution 1718 adopted after North Korea's
rocket launch in April.
E.O. 13382 freezes the assets of designated proliferators of weapons of mass
destruction and their supporters and prohibits U.S. persons from engaging in any
transactions with them.
Kim Tong-myong, Tanchon's president, was also designated for acting on behalf of
Tanchon, the statement said, noting Kim "has held various positions within
Tanchon since at least 2002" and "has also played a role in managing Amroggang's
affairs using the alias Kim Chin-sok."
"As long as North Korea continues to try to evade sanctions and obscure its
illicit proliferation transactions, we will take steps to combat that activity
and protect the integrity of the international financial system," said Under
Secretary of Treasury for Terrorism and Financial Intelligence Stuart Levey.
hdh@yna.co.kr
(END)
