Channels

US sanctions Korean bank linked to weapons program

The Treasury Department is placing sanctions on North Korea's primary foreign exchange bank and a senior government official, a move aimed at slowing Pyongyang's ballistic missile and weapons of mass destruction programs.

 

The action against the Foreign Trade Bank and Paek Se-Bong, a senior official linked to the missile program, generally prohibits transactions between them and any US person, and freezes any assets they may have in the US. (AP)