Search Results for “swift”

March 22, 2017

Top NSA official attributes attempted $1B bank heist to North Korean hackers

The story of the Bangladesh Bank/SWIFT heist has gotten much more interesting of late. Now, not only do we have a senior U.S. intelligence official attributing it to a government, we learn that the North Koreans tried to steal nearly …. A senior National Security Agency official appeared to confirm that North Korean computer hackers were behind a multi-million dollar heist targeting Bangladesh’s central bank last year. Computer hackers attempted to steal $951 million, but only got away with $81...

Cyberwar/NK Crime/Terrorism (NK)

March 9, 2017

Trump admin leaning toward tougher sanctions & (maybe) “covert actions”

For weeks, we’ve heard that the Trump administration was expected to complete a top-to-bottom review of North Korea policy by the end of this month. Barely into the second week, Reuters is already giving us a peek at where the review is headed. Skim past the mandatory all-options-are-on-the-table disclaimer and “senior U.S. officials” say this: They added a consensus was forming around relying for now on increased economic and diplomatic pressure – especially by pressing China to do more to...

U.S. Politics/Washington Views

February 17, 2017

GOP heavyweights push for secondary boycott of North Korea

Six Republican senators — Ted Cruz (TX), Cory Gardner (CO), Thom Tillis (NC), Marco Rubio (FL), Pat Toomey (PA) and David Perdue (GA) — have signed a letter to newly confirmed Secretary of the Treasury Steve Mnuchin* calling for improved implementation and enforcement of the North Korea Sanctions and Policy Enhnancement Act (NKSPEA). As Kim Jung-un has exposed his willingness to increase ballistic missile testing with the ultimate goal of achieving nuclear breakout, the potential for this regime to attain...

Sanctions/U.S. Law/U.S. Politics/Washington Views

January 18, 2017

Why talk of human rights unnerves North Korean diplomats so much, and why that matters

The Wall Street Journal’s Jonathan Cheng has taken note of the rise in defections by members of the North Korean elite. Over the last year, this blog closely followed that trend, including the unprecedented group defections of workers in Malta, China, and Russia; soldiers guarding the Yalu River border; high-ranking intelligence officers; and even diplomats. Last week, a Chinese media report also claimed that “approximately 10 North Korean IT technicians and hackers went missing around 9 p.m. Wednesday in Changchun in...

Defectors/Deprogramming/Propaganda/Subversion

December 4, 2016

What the Treasury Department’s blocking of Air Koryo means

Last week’s North Korea sanctions designations by the U.S. Treasury Department’s Office of Foreign Assets Control — commonly known as OFAC — go far to explain why U.N. Security Council Resolution 2321 took so long to negotiate and pass. There were many reasons why I panned the terms of that resolution last week, including new and not-improved coal export limits, and the U.N.’s failure to designate North Korea’s state airline, Air Koryo. Friday’s OFAC designations — which block any of...

Foreigners in N. Korea/Sanctions

Understanding North Korea Sanctions: Policy Options to Force Disarmament & Reform

Let no one say that there’s nothing more we can do. Although additional sanctions could help to close loopholes in the current North Korea sanctions regimes, with the passage of the North Korea Sanctions and Policy Enhancement Act and U.N. Security Council 2270, our priority should now shift to enforcing the existing sanctions. Enforcing existing sanctions: Work closely with the South Korean National Intelligence Service to exploit the financial intelligence delivered by recent high-level defections. Recent reports suggest that managers of North Korean...

October 13, 2016

Leo Byrne is (almost) single-handedly destroying North Korea’s smuggling fleet

The other night, I was chatting with a reader who was surprised to hear me praise NK News. Although I consider Chad O’Carroll a friend, it’s no secret that Chad and I have philosophical differences about North Korea policy. Some of the things I read at NK News make me roll my eyes; others drive me to paroxysms of rage. But what I can never say about NK News is that it pulls punches. Its decision to publish Nate Thayer’s...

Africa/Media Criticism/Shipping sanctions

September 27, 2016

The Chinese banks in the N. Korea money laundering scandal skated. They shouldn’t have.

Yesterday’s indictments of the Dandong Hongxiang defendants, who are charged with willfully violating North Korea sanctions by laundering money for sanctioned Korea Kwangsong Banking Corporation, might have been good enough for 2009. They broke the illusion that China’s well-connected bag-men and bag-women were immune from sanctions. To borrow John Park and Jim Walsh’s expression, they meant that we’d finally begun to go after North Korea, Inc. Unfortunately, this isn’t 2009. We’re now in a desperate race to disarm Kim Jong-un, one...

Money Laundering/Sanctions

September 27, 2016

Treasury sanctions, DOJ indicts Chinese for violating N. Korea sanctions

As of yesterday, and for the first time ever, the U.S. Treasury Department has frozen the assets of Chinese entities for violating North Korea sanctions, and the Justice Department has indicted them for sanctions violations, conspiracy, and money laundering. The company in question is the Liaoning Hongxiang Group of companies, of which Dandong Hongxiang Industrial Development Company Limited, or DHID, is the largest component. The individuals are Hong Jinhua, Luo Chuanxu, Zhou Jianshu, and Ma Xiaohong, the CEO of the Liaoning...

Money Laundering/Proliferation/Sanctions/Shipping sanctions

September 14, 2016

Sanctions talk with Steph Haggard; House hearings on N. Korea nukes & sanctions

In lieu of a full-length screed today, I’ll direct you to — a more refined list of my sanctions and policy recommendations in this post, by Stephan Haggard. for the sanctions geeks, the latest Treasury/FINCEN advisory, in which North Korea seizes the top spot from Iran as a money laundering risk. If nothing else, it’s a useful reminder that North Korean banks’ cutoff from the financial system — the single most important sanction yet imposed on North Korea — still hasn’t...

Sanctions/Washington Views

September 9, 2016

I don’t blame Obama for N. Korea’s nuke test. I blame him for not enforcing the law.

It’s grim vindication this morning to see my prediction from two months ago now validated. This bomb appears to have had a higher yield than those that preceded it, and may show progress toward miniaturization. I’d already posted my recommendations for how to respond to this test, back in July. For the U.N. Security Council, the response should include new rounds of designations and the closing of sanctions loopholes. I hope Samantha Power will also push for bans on North Korea’s...

Sanctions/WMD

July 19, 2016

Andrei Lankov doesn’t really know if North Korea sanctions are working

It’s no secret that I’ve been a skeptic of “engagement” with Pyongyang from the very beginning, but I’ve always had a soft spot for Andrei Lankov. His Korea Times columns, his book, and his other writings on social, historical, and political matters have been so useful that I often cite them, despite his unrealized predictions or the silly things he occasionally writes. His view of engagement isn’t just the conventional approach of wheeling a catapult up the DMZ and flinging bundles of unmarked...

Appeasement/Sanctions

July 15, 2016

When Kim Jong-un nukes off — and he will — here’s how we should respond (updated)

The U.N. Security Council was already meeting about how to respond to North Korea’s latest missile tests when Pyongyang drew the curtain on its next act of satellite theater at Punggye-ri. Even without the latest sanctions, His Corpulency would probably have carried out another nuke test within the next year, if only to help consolidate his rule, and because the U.S. and South Korea are holding presidential elections. (North Korean dictators prefer to nuke off as new administrations assemble their...

Sanctions

June 27, 2016

Top Namibian official visits Pyongyang

In March, this blog reported on the revelation by the U.N. Panel of Experts that the African nation of Namibia, a desert country in the southwest corner of the continent, had hired North Koreans, including representatives of U.N.-designated KOMID, to build an arms factory near Windhoek. At the time, Deputy Prime Minister Netumbo Nandi-Ndaitwah came to her government’s defense, admitting that her government was the site of a North Korean-run arms factory, but denying that the arrangement violated U.N....

Africa/Arms Trafficking/Sanctions

June 7, 2016

Barack Obama disappointed Kim Jong-il. Donald Trump will disappoint Kim Jong-un.

We will see a better relationship between the U.S. and the Korean Peninsula with Obama, who sternly criticizes Bush and who would meet the leader of Chosun without pre-conditions, than with the “Bush clone” and scarecrow of the neocons McCain. – from the pro-Pyongyang Chosun Sinbo, June 9, 2008 (original Korean here) Like most of you, I slept uneasily on the night after the New Hampshire primary results came in. When sleep finally did come, dreamed I was tending an...

Diplomacy/U.S. Politics

May 31, 2016

How much have sanctions affected PUST? Not enough, apparently.

Chan-Mo Park, the Chancellor of the Pyongyang University of Science and Technology, or PUST, and a U.S. citizen, is blaming South Korean bilateral sanctions for his difficulties recruiting new academic talent. He told VOA on Wednesday, “We want to recruit South Korean professors, but the May 24 measure blocks it.” He was referring to trade and exchange sanctions South Korea made against North Korea on May 24, 2010. The sanctions came after South Korea accused the North of sinking one...

Cyberwar

April 1, 2016

European Union publishes new N. Korea sanctions regulation to implement UNSCR 2270

I’ve previously written about the importance of Europe’s role in enforcing U.N. sanctions against North Korea. On March 5th, the EU designated 16 people and 12 entities under its existing North Korea sanctions program. Yesterday, it finally announced the publication of a new “restrictive measures” regulation to implement UNSCR 2270. Based on the summary, the new regulation follows last month’s Security Council resolution right down the line. The measures extend, inter alia, export and import prohibitions to any item (except food or medicine)...

"United" Nations/Europe/Sanctions

March 4, 2016

Europe can play an important role in enforcing U.N. sanctions against N. Korea

With the enactment of UNSCR 2270, the EU foreign policy chief Federica Mogherini says the EU will soon move forward with what EU regulators refer to as “restrictive measures” against North Korea. “There is scope for the European Union to adopt additional autonomous restrictive measures to complement and reinforce the new U.N. measures,” said a diplomatic note seen by Reuters on the latest discussions. Germany, France, Spain and Poland want to see what more the bloc can do in areas...

Europe/Sanctions

Search Results for: swift