Open Sources, February 26, 2014
~ 1 ~ “N. KOREA LISTED AS ‘HIGH-RISK’ COUNTRY IN MONEY LAUNDERING” shouts this Yonhap headline. So does that mean that Treasury has finally designated North Korea as a primary money laundering concern, something that would severely restrict its access to the global financial system? No. This is actually a non-binding advisory by an international body called the Global Financial Action Task Force, and in fact, the new FATF statement is virtually identical to other advisories that are as many...