Federal investigators believe North Korea used a China-based front company to evade sanctions and earn 'hundreds of millions of dollars' to fund its nuclear program, according to a newly unsealed appellate court ruling.
In its ruling, the court's three-judge panel noted that the U.S."government does not currently suspect the banks of any wrongdoing," but that investigators think the banks' records"may clarify how North Korea finances its nuclear weapons program." The records sought are from 2012 to 2017 and include documentation of deposits, withdrawals and transfers by the alleged front company, which is now defunct.
An FBI special agent also told the panel, in a declaration submitted by prosecutors, that in a separate case involving North Korea, the Chinese government had agreed to work jointly with U.S. authorities on requests for bank records. However, nothing came of the U.S. requests. The three judges concluded their opinion and order by affirming the contempt order by the D.C. District Court, which will impose fines against the three banks at $50,000 per day if they don't comply with the subpoenas.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
'We will make them pay': North Korea launches missiles, condemns U.S.-South Korea drillsNorth Korea fired missiles into the sea off its east coast for the fourth time i...
Baca lebih lajut »
Trump: South Korea agreed to pay U.S. more to defend from North KoreaTrump announced South Korea “has agreed to pay substantially more money” to the U.S. government “to defend itself” from Kim Jong Un’s regime in North Korea
Baca lebih lajut »
N. Korea fires projectiles twice into sea, S. Korea saysSEOUL, South Korea (AP) — North Korea on Tuesday continued to ramp up its weapons demonstrations by firing unidentified projectiles twice into the sea while lashing out at the United States and...
Baca lebih lajut »
North Korea funding missile tests through cyberattacks, according to U.N. reportNorth Korea may have generated up to $2B for missile testing through sophisticated attacks on financial institutions and cryptocurrency exchanges, according to a U.N. Security Council report, 2 diplomatic sources say.
Baca lebih lajut »