Chinese bank cut off from US markets for illicit N Korean links

The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a final rule under section 311 of the USA Patriot Act which severs Bank of Dandong from the US financial system (full list here). Despite US and UN sanctions, the Chinese bank is said to have acted “as a conduit for North Korea…

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About Maya Lester QC

Maya Lester QC

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 rights & civil liberties. She has a particular expertise in sanctions. The legal directories say she is the...

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