Search Results for “supernotes”

January 21, 2007

Somewhere in Hell, Josef Goebbels Is Smiling: Klaus Bender’s Big Lie

Update: In my visitors’ log today: Original Post: You may recall that a few weeks back, I noted that the Korean press had picked up a story from the Frankfurter Allgemeine Zeitung, one that many of its readers will no doubt be eager to believe. The story reported that North Korean supernotes are actually made by the CIA at an undisclosed location near Washington, D.C. Not being much of a German linguist, I made myself a reminder to find an...

Anti-Americanism/Counterfeiting/Europe/Media Criticism

November 2, 2006

North Korea Wants Its Drug Money Back

[Update: A senior Korean official suggests that the U.S. will do just that right after the talks resume. Scroll down.] [Update 2: The Washington Post post also suspects that North Korea’s announcement is merely an effort to foil the American economic pressure: We hope Assistant Secretary of State Christopher R. Hill, who conducted lengthy talks with his North Korean counterpart in recent days, is justified in expecting “substantial progress” from the new round. But history suggests that both North Korea...

"United" Nations/Counterfeiting/Drugs & N Korea/Famine & Food Aid/Money Laundering/Six-Party Talks

October 26, 2006

Annual Treasury Report on Counterfeiting of U.S. Currency Abroad

The full report is here, but it’s a big, fat, nasty pdf. Here’s the section on North Korea: 6.5.7 North Korea and the Supernote Since 1989, the U.S. Secret Service has led a counterfeit investigation involving the trafficking and production of highly deceptive counterfeit notes known as supernotes. The supernote investigation has been an ongoing strategic case with national security implications for the U.S. Secret Service since the note’s first detection in 1989. The U.S. Secret Service has determined through...

Counterfeiting/Money Laundering

October 12, 2006

The Death of an Alliance, Part 55: South Korea’s Ruling Party Blames America for North Korea’s Nukes

Update 10/15: Correction — according to a newer poll, 43% of South Koreans are retarded. – If you also watched the new “South Park” episode last night, you may still be laughing about it. I still am. It dealt with 9-11 conspiracy theories, and naturally, Eric Cartman acted as the surrogate for all that is irrational, prejudiced, and nasty (Kyle was the scapegoat, of course). I won’t spoil any of the plot twists, but there’s a scene in the...

An Alliance?/Anti-Americanism/Korean Politics/WMD/WTF?

October 12, 2006

MUST-READ: Key U.S. Policy-Maker Calls China Out for Double-Dealing

David Asher, who recently led the Illicit Activities Initiative, is probably the architect of our tough new financial strategy against North Korea’s counterfeiting, smuggling, and money laundering. He is also one of Washington’s clearest thinkers on North Korea. Asher didn’t know that North Korea would actually test a nuke when he delivered this address to the Heritage Foundation in September, and really, it deserved more media and blog attention than it got. Asher, to say the least, doesn’t think China...

China/China & Korea/Money Laundering/Washington Views/WMD

September 5, 2006

Kim Jong Il Unplugged, Part 8

Nigel Cowie, North Korea’s most “legitimate” banker, is selling out, and this time, that’s not just a moral judgment. Richardson links this piece, written by none other than Bradley K. Martin, indicating that he’s selling his Daedong Credit Bank to the British-based Koryo Group, but will stay on to help manage the bank. As for the issue of Daedong’s much-proclaimed legitimacy, Martin adds what strikes me as a highly salient fact: The minority owner of Daedong Credit is Korea Daesong...

Appeasement/Counterfeiting/Drugs & N Korea/Money Laundering/NK Economics/WMD

August 28, 2006

Witness: Counterfeit Bills Came from N. Korea

If you don’t know the background, start here. One of the Chinese gangsters is apparently cooperating, and went to court yesterday: A Californian man indicted on charges of smuggling counterfeit dollars into the U.S. testified at his trial that the high-quality counterfeit US$100 bills or “supernotes” were manufactured in North Korea, the National Intelligence Service said Monday. The NIS reported to the National Assembly’s Intelligence Committee that the man admitted conspiracy to smuggle the supernotes and admitted where the phony...

Counterfeiting/Money Laundering

August 7, 2006

Kim Jong Il Unplugged, Part 2

During Treasury Undersecretary Stuart Levy’s recent visit to a series of Asian nations, I wondered just how Treasury’s green eyeshades had landed on a particular series of bank accounts that attracted his attention. Via a U.S. Treasury official who spoke with the Donga Ilbo, we now know that the answer is linked to the first two questions I asked after the mass arrests that came of Operation Smoking Dragon last August: 1. Were any North Korean nationals caught or implicated?...

Counterfeiting/NK Economics

July 24, 2006

Now What? Part 3: Dave, What Are You Doing?

Update: The BOC account played a role in the 2000 summit scandal, according to the Chosun Ilbo. What skill it must take to step in it this hard: SEOUL, July 24 (Yonhap) — North Korea is suspected of having printed fake Chinese currency, which prompted the Bank of China (BOC) to freeze all of its North Korean accounts in an apparent retaliation, a South Korean legislator asserted on Monday. Quoting a number of unidentified U.S. officials, Rep. Park Jin of...

China/China & Korea/Counterfeiting/NK Economics/Six-Party Talks

July 23, 2006

MUST READ: NYT on NK Counterfeiting

The New York Times has a very extensive article on North Korea’s counterfeiting operations: By 1984, as North Korea’s planned economy began to fall apart, Kim Jong Il, who by that time was effectively running much of the government, issued another directive, according to the North Korean specialist, who told me he has obtained a copy of the document. It explained that “producing and using counterfeit U.S. dollars” was a means, in part, for “overcoming economic crisis. The economic crisis...

Counterfeiting/NK Economics/Washington Views

July 6, 2006

At the U.N., Life Imitates ‘Team America’

Kim Jong Il: Hans Brix? Oh no! Oh, herro. Great to see you again, Hans! Hans Blix: Mr. Il, I was supposed to be allowed to inspect your palace today, but your guards won’t let me enter certain areas. Kim Jong Il: Hans, Hans, Hans! We’ve been frew this a dozen times. I don’t have any weapons of mass destwuction, OK Hans? Hans Blix: Then let me look around, so I can ease the UN’s collective mind. I’m sorry, but...

"United" Nations/China/China & Korea/Counterfeiting/Diplomacy/NK Economics/Unintended Humor/WMD/WTF?

June 28, 2006

The End of the Rainbow

Really, this piece by Michael O’Hanlon and Mike Mochizuki is well reasoned and said. Even if I disagree with much of it, I think they have a good grasp of which threats we ought to be worrying about. The debate about whether regime change would work is competely speculative until we actually try it in earnest, of course. At this point, they had me: [T]he administration should build its North Korea policy around the notion that we need to present...

Abductions/Appeasement/China/China & Korea/Counterfeiting/Diplomacy/NK Economics/U.S. & Korea

May 19, 2006

Bush’s Old “New” Approach

[Update 2, 5/18: On the other hand, the “Kim Jong Hill” plan looks great next to the Richard Lugar plan, which is nothing more than a shiny new formula for buying lies with bribes. Lugar is a very nice person to meet and has his heart in the right place, but diplomatically, this is not the thing to be proposing when our financial crackdown and our political offensive are both showing some promising signs of success. When dealing with gangsters,...

Appeasement/Counterfeiting/Diplomacy/Human Rights/NK Economics/Proliferation/Six-Party Talks/U.S. & Korea/Uncategorized/Washington Views/WMD

April 6, 2006

Is Kim Jong Il Bankrupt?

There is more evidence to suggest that North Korea really is in dire financial straits after all. Some would not call this a novel conclusion to make about a country in which 2.5 million people have starved to death, but a careful reading of what NGO workers and refugees tell us of how the food was passed out suggests that the North Korean regime was not unduly upset about that, as long as its elite ate well and never lacked...

China/China & Korea/Counterfeiting/Diplomacy/NK Economics/Uncategorized

April 5, 2006

The Other Nuclear Option

Much info on the economic front of late, including some initial, sketchy evidence to back U.S. claims that the sanctions are biting. The Chosun Ilbo continues to tremble over what the U.S. Treasury Department’s next move could be. Have a look at Section 311 (115 Stat. 298) of the USA PATRIOT Act, and if you can bear it, keep reading. It empowers Treasury to declare all of North Korea a jurisdiction of special money laundering concern — as we’ve apparently...

China/China & Korea/Counterfeiting/Diplomacy/Drugs & N Korea/NK Economics/Six-Party Talks/Uncategorized

February 23, 2006

Caught in the Act!

I wonder what Roh Moo-Hyun will say this time. Rogue diplomats? North Korean diplomats were caught attempting to smuggle US$1 million and 200 million yen into Mongolia on Tuesday, the Mongolian press reported. Reports said the North Koreans told Mongolian authorities they were planning to put the money in a Mongolian bank account, according to Japan’s Yomiuri Shimbun. The paper said that it was unclear whether the money was counterfeit or not, and what measures the Mongolian authorities will take....

Counterfeiting/Diplomacy/Japan/NK Economics/North Korea/Uncategorized

February 16, 2006

Banco Delta Sanctions ‘Severe Blow’ to NK Economy

The Chosun Ilbo, relaying an AWSJ story, reports that the Treasury Department’s action against the Macau-based bank “dealt a severe blow to the secretive country,” “dried up its financial system,” and “brought foreign trade virtually to an end.” In December, I noted reports that North Korean front companies and spies were fleeing Macau en masse. According to today’s story, Banco Delta has now announced that it’s ending its financial ties with North Korea in an effort to prevent a run...

Appeasement/Asia/China/China & Korea/Counterfeiting/Diplomacy/NK Economics/U.S. Law/Uncategorized

February 15, 2006

Vershbow: I’ll Believe It When I See the Plates

The U.S. Ambassador to Korea, Alexander Vershbow, is taking the fight back to “enemy” territory, as predicted. In an interview with OhMyNews, Vershow responded to North Korean comments that some have interpreted as North Korean flexibility on counterfeiting. Vershbow is obviously familiar with North Korea’s track record, because he wants more tangible proof that North Korea is capable of sincerity and good faith: The U.S. ambassador to Korea, Alexander Vershbow, said yesterday that Pyongyang must show some “convincing evidence” that...

Counterfeiting/Diplomacy/Six-Party Talks/Uncategorized

Search Results for: supernotes