By Maya Lester QC & Michael O’Kane

US asks banks worldwide not to process North Korea transactions

The US Treasury wants to prohibit banks around the world with links to the US financial system from processing transactions with North Korea. US banks are already subject to this prohibition. The Treasury’s recommendation would require US financial institutions to introduce additional due diligence measures in order to prevent North Korean banks from accessing US correspondent accounts in third countries....

This content is for subscribers only

To continue reading please login or subscribe.

North KoreaNorth Korea United StatesUnited States

About Maya Lester QC

For all site-related issues, including subscription and payment issues, please contact info@europeansanctions.com.
Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

See profile for Maya Lester QC >

Share this page on: