China says it will refuse North Korea bank accounts & What is to be done? @joshuastanton @gordongchang

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09-13-2017

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China says it will refuse North Korea bank accounts & What is to be done? @joshuastanton @gordongchang

In Changchun, the regional capital of Jilin Province, a Bank of China staff member said, "all bank activities related to North Korea are suspended now because it is a sanctioned country".

Naturally there will be ways around this.

All a North Korean official needs to do is carry a bag of money across the Tumen River, find a Chinese citizen to act as an intermediary, then get them to open an account on their behalf.

It's also unclear the extent to which existing accounts could still be used or potentially forced to close.

http://www.bbc.com/news/business-41242411

Sep 14, 04:11 AM
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