WASHINGTON — North Korea’s ongoing belligerence will not go unpunished, said the United States. Now, the U.S. is looking to impose sanctions on a North Korean bank.
Reuters reports that the Obama administration told reporters last Thursday that the Daedong Credit Bank will be sanctioned by the U.S. for its role in supporting North Korean nuclear weapon proliferation efforts.
The U.S. Treasury Department said, “Since at least 2007, Daedong Credit Bank has facilitated hundreds of financial transactions worth millions of dollars on behalf of KOMID (a mining company) and TCB (their financial arm)…In some cases, (it) had knowingly facilitated transactions by using deceptive financial practices.”
This is another effort by the Obama administration to save face internationally, after receiving several black eyes from the Snowden fallout over NSA surveillance programs.
China has been frustrated by North Korea’s refusal to act rationally, and nearly escalated tensions with its neighbor South Korea. Japan is also on alert if North Korea gains the use of nuclear weapons.