China & Korea Money Laundering Sanctions

Cash & credit squeeze hits China-North Korea trade

One of the more maddening tropes I see in reporters’ coverage is a question that’s usually presented as dispositive to the success of sanctions: “Will China cooperate?” For reasons I’ve already explained and don’t have time to repeat today, I always answer that question by asking what the questioner means by “China.” The point being: …

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Arms Trafficking Money Laundering Shipping sanctions

Treasury Dep’t hits Sun Sidong, N. Korea’s maritime smuggling & mineral exports

Here at OFK, we’ve chronicled a curious fact that few professional foreign policy scholars have noticed: China is opposed to unilateral sanctions, except when it isn’t. Last week — barely a week after President Trump returned from Beijing — he gave Xi Jinping something to oppose. OFAC designated Dandong Kehua Economy & Trade Co., Ltd., …

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Luxury Goods Money Laundering Sanctions Southeast Asia

Singapore’s trade ban with North Korea yields more questions than answers

At first glance, this looks like the State Department’s biggest coup yet in its campaign of progressive diplomacy against Pyongyang. “Singapore will prohibit all commercially traded goods from, or to, the Democratic People’s Republic of Korea (DPRK),” the city-state’s customs said in the notice sent to traders and declaring agents last Tuesday, referring to the …

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Money Laundering Sanctions U.S. Law U.S. Politics

Senate Banking Committee advances the Otto Warmbier BRINK Act, Treasury blocks the Bank of Dandong

Last week, while I was writing my rave review for Donald Trump’s speech to the South Korean National Assembly, the Senate Banking Committee was working to put more tools in his hands to bankrupt the man he would never stoop to calling “short and fat.”* By a unanimous vote, the committee passed the newly renamed …

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Human Rights Human Trafficking Sanctions

How Congress forced the State Department to confront Pyongyang’s crimes against humanity

Last Friday’s post was not the first time I’ve criticized the Trump administration for the inadequacy of its recognition that America shares common interests with the North Korean people in a less murderous North Korean government. I’ve also criticized the inadequacy of the administration’s public diplomacy advocating for those common interests. Long-time readers know I …

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Money Laundering Sanctions Terrorism (NK) U.S. Law

North Korean assassins arrested in Beijing as Tillerson’s terror sponsor decision looms

If you haven’t read my last post on this week’s deadline for the Secretary of State to decide whether North Korea has repeatedly sponsored acts of international terrorism, you may want to start there. This post will be a combination of breaking news and supplement to that post. This morning, Bloomberg News, citing a report …

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Africa Arms Trafficking Human Trafficking Sanctions

CNN, UN Panel raise the pressure on Namibia over North Korea sanctions violations

Namibia (or as some refer to it locally, Nambia) has long been one of Africa’s worst violators of UN sanctions against North Korea, including by hosting an arms factory run by Mansudae Overseas Projects Group, in violation of an arms embargo that has been in effect since the adoption of UNSCR 1718 in 2006. It …

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AP Watch Human Trafficking Media Criticism Sanctions U.S. Law

How the U.S. fishing industry can do its part to disarm Kim Jong-un

Long-time readers know that I’ve had many uncomplimentary things to say about the Associated Press’s North Korea coverage. Its still-undisclosed agreements with the North Korean government to open a bureau in Pyongyang sacrificed journalistic ethics for a dubious dividend of access. Since opening its bureau in 2012, AP and its state-supplied North Korean stringers have …

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Money Laundering Sanctions Shipping sanctions

Maximum Pressure Watch: Trump puts the squeeze on Kim Jong-un

Donald Trump hit Kim Jong-un with his first sanctions executive order today. (Update: Its official number is Executive Order 13810.) The new EO partially implements UNSCR 2371, UNSCR 2375, and the KIMS Act, which the President signed in August. As a strictly legal matter, this EO will not affect anyone’s interests immediately because Treasury didn’t announce …

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Money Laundering Sanctions

Chinese banks are cracking down on N. Korean money laundering again. Will it last this time?

Several news sources are reporting that Chinese banks, particularly in China’s northeast, have started to freeze or close accounts held by North Korean individuals and businesses. The Daily NK, citing unnamed local sources, was the first to report this potentially important development. It says both large state-owned banks (such as the China Construction Bank) and …

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