Tags: AS | China | US | North Korea

US Accuses Chinese Company of Transferring NKorean Money

Friday, 16 June 2017 12:42 AM EDT

BEIJING (AP) — U.S. authorities have accused a Chinese company of helping North Korea evade financial sanctions and asked a court to seize $1.9 million they said was improperly moved through American financial institutions.

A complaint released Thursday in Washington accused Mingzheng International Trading Ltd. of conducting transactions for North Korea's state-owned Foreign Trade Bank, the country's main foreign-exchange bank. The bank is barred from the U.S. financial system under sanctions imposed in response to the North's nuclear weapons development.

The Department of Justice said the case would represent one of the largest U.S. seizures of North Korean funds.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Asia
U.S. authorities have accused a Chinese company of helping North Korea evade financial sanctions and asked a court to seize $1.9 million they said was improperly moved through American financial institutions.A complaint released Thursday in Washington accused Mingzheng...
AS,China,US,North Korea
98
2017-42-16
Friday, 16 June 2017 12:42 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved