Search Results for “Levey”

November 16, 2009

Phillip Goldberg Quits as N. Korea Sanctions Coordinator

Goldberg had been highly effective in his post, and his departure is a very, very worrying sign about the direction of the administration’s policy: A diplomatic source in Washington said Sunday Goldberg has been appointed as assistant secretary of the Bureau of Intelligence and Research at the State Department. Voice of America reported that the White House informed the Senate of Goldberg’s new post last month, and a confirmation hearing will take place Thursday. South Korean and U.S. government officials...

Money Laundering/Proliferation/Sanctions

October 28, 2009

Treasury Knocks Over Yet Another North Korean Bank

Phillip Goldberg and Stuart Levey have done more to advance U.S. interests in five months than the entire East Asia Bureau of our State Department has done in two decades: Treasury said in a statement that Amroggang Development Bank was being added to a list of proliferators of mass destruction because it was owned or controlled by North Korea’s Tanchon Commercial Bank. Tanchon was previously hit with sanctions by both the United States and the United Nations Security Council for...

Proliferation/Sanctions/WMD

August 11, 2009

Treasury Knocks Over Another North Korean Bank

The Korea Kwangson Banking Corporation (KKBC) was been sanctioned under Executive 13382 today, for facilitating WMD proliferation: “North Korea’s use of a little-known bank, KKBC, to mask the international financial business of sanctioned proliferators demonstrates the lengths to which the regime will go to continue its proliferation activities and the high risk that any business with North Korea may well be illicit,” said Under Secretary for Terrorism and Financial Intelligence Stuart Levey. Since 2008, Tanchon has been utilizing KKBC to...

Money Laundering/Sanctions

July 6, 2009

State Dep’t: NK Trades in Slave Labor

What the State Department is saying about North Korea’s use of forced labor is at least as strident as anything we heard during George W. Bush’s second term. I suspect we’re seeing a combination of two things here — first, the State Department has internal politics of its own, and the bureaus that deal with labor and refugee issues tend to subscribe less to the diplomacy of connivance than the East Asia Bureau. Second, with North Korea’s recent behavior pushing...

Human Trafficking

July 1, 2009

Plan B Watch: Treasury Sanctions Iranian, N. Korean Companies for WMD Financing

Treasury has sanctioned an Iranian company under Executive Order 13382 for its dealings with previously sanctioned North Korean entities suspected of involvement in WMD development and proliferation. It has also designated a new North Korean entity, Namchongang Trading Company. Treasury’s full announcement itself is interesting and worth reading. I’ve posted the full text below the jump, interlaced with a few editorial comments of my own.

Axis of Evil/Money Laundering/Proliferation/Sanctions/WMD

June 30, 2009

Plan B Watch

A year ago, who would have suspected that we’d be celebrating the replacement of a liberal accommodationist named George W. Bush with a hard line neocon named Barack Obama, who would finally show signs of grasping not just the reality of North Korea’s bad faith, but some of the very best tools for breaking it? Christine Ahn’s misery (and Selig Harrison’s, and Leon Sigal’s) is my pleasure: The Treasury Department’s 2005 blacklisting of Macau’s Banco Delta Asia, which held a...

Money Laundering/Sanctions/Washington Views

June 29, 2009

Obama Forms Team Plan B

The Washington Post is reporting that President Obama is forming an inter-agency team, much like the Illicit Activities Initiative that David Asher headed in G.W. Bush’s first term, to coordinate sanctions against North Korea: The White House is forming an interagency team to coordinate sanctions efforts against North Korea with other nations, senior administration officials said yesterday. The team will be led by Philip S. Goldberg, a former ambassador to Bolivia who is slated to leave for China in the...

Diplomacy/Money Laundering/Sanctions/U.S. Politics/Washington Views

June 18, 2009

Breaking News: Treasury Issues Money Laundering Alert Against North Korea

This is going to be a big deal. By the time I have time to update this post, the world financial system will have started purging itself of its links to North Korea. More later. Update: Call it Plan B light, and quite possibly a prelude to better things, but this by itself will have a significant effect. Why, you ask? After all, this alert doesn’t freeze anything. It’s merely a warning: The U.N. Security Council’s adoption of specific...

Counterfeiting/Money Laundering/NK Economics/Sanctions

June 17, 2009

Take the Money and Run

Like I said: the North Koreans snore though all those threats from Perry, Gingrich, and Eagleburger, but Stuart Levey scares the bejeezus out of them: North Korea is rushing to withdraw money from its overseas bank accounts after the United Nations imposed financial and other sanctions for its nuclear test, a report said. South Korea’s Dong-A Ilbo newspaper, quoting sources in Beijing, said the North had begun withdrawing funds from accounts in Macau and elsewhere for fear they would be...

Japan/Money Laundering/Sanctions

June 5, 2009

Obama Gears Up for “Plan B;” John Kerry Blocks Terror Re-Listing

I really don’t know what to make of this. A young, inexperienced president, one whom the North Koreans arguably endorsed, comes into office showing every sign of being easier meat than Lance Bass in Riker’s Island. The North Koreans, true to Joe Biden’s prophetic gaffe, and with their exquisite sensitivity to American weakness, don’t even let the man get inaugurated before they begin the noisy repudiation of every agreed framework, U.N. resolution, and armistice they can stuff into a shredder....

"United" Nations/China/Counterfeiting/Money Laundering/NK Crime/NK Economics/Proliferation/Sanctions/U.S. Politics

June 2, 2009

The Only American Who Scares Kim Jong Il Goes to Seoul

Forget Hillary Clinton; I’ve been telling you that if you want to see whether the U.S. government is serious about bringing the pain to Kim Jong Il, keep an eye on Stuart Levey. And did I not tell you that President Obama would thank himself for renominating the architect of the financial constriction strategy that briefly struck fear into Kim Jong Il’s dessicated heart? A United States government official who played a key role in freezing North Korean assets in...

NK Economics/Sanctions

May 28, 2009

Draft Text of New U.N. Resolution on North Korea

Fred Fry gets a big hat tip for sending this, via the Inner City Press. And what an predictable disappointment it is — it “deplores” the North Korean tests and calls on U.N. member states to finally enforce the same resolutions they’ve been failing to enforce since 2006. But to be fair, this is still a draft. Feel free to insert your own Hans Brix/Team America clip link in the comments. Update 1: We’d all love to know what’s going...

"United" Nations

April 5, 2009

What President Obama Should (But Won’t) Do About North Korea’s Missile Test

[Update: The nations are not united. The U.N. Security Council fails to agree on the text of a very angry letter. You don’t say.] [Afterthought: So can we conclude that the Obama Administration views even “soft power” as excessive force?] Our Words Mean Nothing Even for North Korea, today’s missile test was an especially flagrant, telegraphed, and premeditated provocation. Whether the missile carried a satellite or not, to launch it was a clear violation of two U.N. resolutions. That the...

"United" Nations/Appeasement/Missiles

January 17, 2009

Hostile Policy Not Quite Dead

History will record that President Bush experienced just one brief glint of success at influencing the North Koreans during his entire presidency. Naturally, our State Department had nothing to do with it. In fact, when State realized that another cabinet department (Treasury) might actually solve the North Korean problem once and for all, it dove in to rescue failure from the jaws of success. Most people in Washington tend to think in terms of dealing with national security threats in...

NK Economics/Proliferation/WMD

April 2, 2008

Treasury: North Korea Still Counterfeiting, Still a Financial Pariah

The State Department and Bill Richardson may harbor illusions to the contrary, but Stuart Levey, Treasury’s Under Secretary for Terrorism and Financial Intelligence may be only man in Washington with real influence over Pyongyang. Yesterday, Levey appeared before the Senate Finance Committee to testify. A reader (thank you) forwarded me a copy of his testimony, and I excerpt the North Korea portion for you here. The key points here are that (a) North Korea continues to be an international financial...

Counterfeiting/Money Laundering/NK Crime

January 1, 2008

2007: A Lost Year

[Update 2 Jan 08: “North Korea failed to fulfill its October promise to declare all its nuclear programs by the end of 2007 — and the United States did not make a big deal out of it.” — WaPo, Blaine Harden] SO ENDS THE YEAR 2007, with this terse statement from the State Department spokesman: In September 2005, the United States, China, Russia, Japan and South Korea agreed on a Joint Statement with North Korea that charted the way forward...

Appeasement/Proliferation/Six-Party Talks

January 9, 2007

Kim Jong Il Unplugged, Part 17

After North Korea showed up at last month’s disarmament talks just long enough to give the United States the finger, you wouldn’t expect us to go wobbly on our financial measures against North Korea’s financing of WMD’s, counterfeit currency, and other illegal proceeds. With the passage of U.N. Security Council Resolutions 1695 and 1718, those measurements have become requirements. The good news is that we’re not going wobbly. Treasury, mainly in the physical form of Undersecretary Stuart Levey, has been...

"United" Nations/Axis of Evil/Counterfeiting/Iran/Money Laundering/NK Economics/WMD

November 5, 2006

Wobble Watch: Treasury Won’t Lift Sanctions on Kim Jong Il’s Macau Accounts

New press reports link the bank accounts that mean so much to Kim Jong Il with his nuclear and other WMD programs. North Korea used its accounts at a Macau-based bank, suspected of having served as a base for the North’s alleged illicit activities, to pay for devices that could be used in manufacturing weapons of mass destruction and nuclear weapons, a Japanese daily reported Saturday. Quoting unidentified sources, Yomiuri Shimbun said China froze North Korean accounts worth US$24 million...

Counterfeiting/Money Laundering/Six-Party Talks/Washington Views/WMD

Search Results for: Levey