We are financing “rogue states” now?
This news from The Korea Herald is quite revealing to me. We are financing rogue states (I hesitate to use the word “terrorism” or anything related) now? The bank in question is not named but if this is true, it certainly does show the lack of security where banking is concerned.
N.K. using Malaysian bank to deal weapons with Myanmar
North Korea sought payment through a bank in Malaysia for its suspected shipment of weapons to Myanmar that is being carried on a freighter tracked by the U.S. Navy, a source said Saturday, according to Yonhap News.
The visit by a U.S. envoy to Malaysia this weekend will focus on ways to cut off the payment transaction for the cargo from the bank in Malaysia to North Korean leader Kim Jong-il, the source said.
“Kim will have a hard time collecting his money,” the high-level source said, speaking strictly on condition of anonymity. The source declined to identify the bank due to diplomatic concerns.
Philip Goldberg, the U.S. coordinator for the implementation of a U.N. Security Council resolution that punishes North Korea for its May 25 nuclear test, is scheduled to arrive in Malaysia on Sunday.
The visit comes after the White House said late last month that U.S. President Barack Obama discussed North Korea and financial regulations with Malaysia’s Prime Minister Najib Razakon by phone.
It also comes as North Korea’s Kang Nam freighter is apparently returning home after being tracked by a U.S. Navy destroyer that suspects it is carrying cargo banned under the resolution.
(Source)