US Treasury adds more North Koreans to its blacklist

AP News
Posted: Dec 08, 2015 1:32 PM

WASHINGTON (AP) — The Treasury Department has blacklisted six North Korean banking representatives and three shipping companies in the latest effort to target through sanctions the isolated nation's weapons proliferation.

The targets include a Russia-based representative of North Korea's Foreign Trade Bank and five representatives of the Tanchon Commercial Bank, including individuals based in Syria and Vietnam.

Both banks themselves are already on the Treasury blacklist. Tanchon is described as the financial arm of Korea Mining Development Trading Corporation, the North's premier arms dealer.

Additionally, Treasury blacklisted three North Korean shipping companies, and the State Department designated the Strategic Rocket Force of the Korean People's Army for conducting ballistic missile launches.

Treasury says Tuesday's actions are designed to counter sanctions evasion and prevent North Korea's government from accessing the U.S. financial system.