U.S. sanctions North Koreans over weapons proliferation

WASHINGTON Fri Jan 25, 2013 1:53am IST

Related Topics

WASHINGTON (Reuters) - The United States slapped economic sanctions on Thursday on two North Korean bank officials and a Hong Kong trading company that it accused of supporting Pyongyang's proliferation of weapons of mass destruction.

The U.S. move was linked to sanctions imposed by the United Nations against North Korea on Wednesday, which prompted an immediate threat by North Korea to boost its military and nuclear capabilities.

The U.N. action condemned North Korea's December rocket launch and expanded existing sanctions.

The U.S. Treasury Department said the two men worked for North Korea's Tanchon Commercial Bank (TCB). The company, Leader (Hong Kong) International Trading Ltd, was separately blacklisted by the United Nations on Wednesday.

Leader is an agent for KOMID, a North Korean mining and trading company that was sanctioned in 2009 and is the country's main arms dealer, the United Nations said.

"Our actions today target two North Korean entities, Tanchon Commercial Bank and KOMID, that are part of the web of banks, front companies and government agencies that support North Korea's continued proliferation activities," said David Cohen, U.S. Treasury undersecretary for terrorism and financial intelligence.

The action bans contact between any U.S. citizen and Ra Ky'ong-Su, TCB representative to Beijing, and Kim Kwang-Il, TCB deputy representative to Beijing, and freezes their assets. It also freezes the assets of, and bans contacts with, Leader.

"By continuing to expose these entities, and the individuals who assist them, we degrade North Korea's ability to use the international financial system for its illicit purpose," Cohen said in a statement.

(Reporting by Alister Bull; Editing by Xavier Briand and Bernadette Baum)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Ukraine Crisis

REUTERS SHOWCASE

Iraq Crisis

Iraq Crisis

Iranians play role in breaking IS siege of Iraqi town  Full Article 

Syrian War

Syrian War

Fiji says Syrian rebels want compensation, removal from terror list  Full Article 

Partnership with NATO

Partnership with NATO

Australia to step up formal partnership with NATO at summit  Full Article | Related Story 

Democracy Row

Democracy Row

Hong Kong activist's newspaper column scrapped amid democracy row  Full Article 

Book Talk

Book Talk

Reema Abbasi and a glimpse of Pakistan’s Hindu past  Full Article 

Fighting Ebola

Fighting Ebola

Poor response to Ebola causing needless deaths – World Bank head.  Full Article 

Afghan Politics

Afghan Politics

Afghan talks for unity government collapse; crisis deepens.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage