Search Results for “Treasury Justice”

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 6, 2016

N. Korea calls for murder of S. Korean President, State Dep’t still doesn’t think it sponsors terrorism

“When he eventually came to power, there was no book which deserved more careful study from the rulers, political and military, of the Allied powers. All was there….” – Winston Churchill, on Mein Kampf History, which is diplomacy in the past tense, is littered with examples of despots who made their intentions clear, but whom journalists and diplomats in free nations have blindly refused to take at their word. So it was that in the late 1930s, the journalist and...

Terrorism (NK)

June 28, 2016

N. Korean counterfeiting surges as Bureau 39’s checks bounce.

When the Secret Service first found high-quality counterfeit dollars circulating in the Middle East over three decades ago, North Korea wasn’t the prime suspect; . The counterfeits were so good that experts could only tell them from the originals by the superior quality of their printing, so the Secret Service named them “supernotes.” The Secret Service’s suspicions shifted to North Korea in 2000, after Cambodian authorities arrested Yoshimi Tanaka, a Japanese Red Army hijacker who had taken refuge in North...

Counterfeiting/Money Laundering/Sanctions

June 27, 2016

U.S. to sanction N. Korean officials, possibly to include His Porcine Majesty, for human rights abuses

The Treasury Department has sanctioned the presidents of Belarus and Zimbabwe and their cabinets for undermining democratic processes or institutions and has frozen their assets in the international financial system. It has sanctioned top officials of the Russian government for Russia’s aggression against its neighbor, the Ukraine. It has sanctioned the president of Syria for human rights violations, censorship, and corruption, among other reasons. It sanctioned Iranian officials for censorship and human rights abuses. It has even sanctioned officials in tiny...

Human Rights/Sanctions

March 31, 2016

In Pyongyang, the ghost of Goebbels haunts the Associated Press

Why won’t the Associated Press release the Memoranda of Understanding it signed with the North Korean regime in 2011, in exchange for permission to set up a bureau in Pyongyang? What is it hiding? Plenty of possibilities come to mind, including the signature block. Imagine the AP’s embarrassment if it turned out that, to save time, someone had just pulled an old MOU out of a filing cabinet, crossed out “Josef Goebbels,” and written “Kim Jong-un” underneath it. Practically speaking,...

AP Watch

March 29, 2016

N. Korea’s restaurants, rumored to be involved in money laundering, are closing down.

North Korea’s overseas restaurants are not a significant percentage of its GNP,* but they are an important source of hard currency for Kim Jong-un. As early as 2008, one writer estimated that each restaurant remitted between $100,000 and $300,000 to Pyongyang each year. As of February of this year, there were 130 of them earning $100 million annually. Since then, the South Korean government has told its citizens to stop patronizing the restaurants, and business has fallen dramatically: On some...

Money Laundering/Sanctions

February 7, 2016

Ed Royce’s North Korea sanctions bill is already giving President Obama leverage over China

Kim Jong-un’s Groundhog Day message to the world was the announcement of a long-range missile test, and as you’ve no doubt heard, he has since made good on that threat. Like the movie “Groundhog Day,” this provocation cycle has been a variation on an endless loop. In 2006, 2009, and 2013, the missile test came before the nuke test, but if reports that His Corpulency is preparing yet another nuclear test are true, that will still technically be the case. Otherwise, events have...

China/Diplomacy/Sanctions

November 1, 2015

Sam Pa, 88 Queensway, KKG & Bureau 39: A case study in how China helps N. Korea evade sanctions

Last week, I highlighted Andrea Berger’s excellent post at 38 North, calling for the U.N. Security Council to sanction North Korea’s third-party enablers. Berger named some of those enablers, but I’d like to name another one of the most important ones — the Hong Kong-based 88 Queensway Group, headed by one Sam Pa, also known by his birth name “Xu Jinghua” or any of “at least eight aliases,” each with its own matching passport. According to multiple news reports, Pa has extensive connections to Chinese politicians, and with its intelligence services....

Anju Links/China/Money Laundering/Sanctions

September 23, 2015

Sale of cell phone detectors to N. Korea adds to Germany’s debt to history

If there is any justice in our universe, there is a special septic tank in hell reserved for the people who profit by selling these things to Pyongyang: According to local sources, North Korean authorities have recently begun carrying small, German manufactured radar detectors when patrolling near the Chinese border for the purpose of monitoring international phone calls made on Chinese-made cell phones. These intensified measures follow a proliferation of stationary detectors installed in North Hamgyong Province in conjunction with...

Censorship/Europe

June 8, 2015

Guerrilla Engagement: A strategy for regime replacement and reconstruction in North Korea

~ 1 ~ One day, either this President or the next one will awaken to the realization that the regime in Pyongyang is collapsing, and that he has just inherited the costliest, messiest, and riskiest nation-building project since the Marshall Plan. The collapse of North Korea will present South Korea – and by extension, its principal treaty ally, the United States – with a nation-building challenge unlike any in recent history. After all, Iraq, Afghanistan, and Syria all had some...

Capitalism/Reconstruction/Regime Change/Resistance/Subversion

April 15, 2015

Why does North Korea still need food aid? (Updated)

The UN aid agencies working in North Korea — the Food and Agriculture Organization, the UN Population Fund, UNICEF, the World Food Program, and WHO (writing collectively as Relief Web) — have published a new report. I draw three main conclusions from it. First, despite some reports of improved food production, the humanitarian situation is still bad. Second, aid agencies still aren’t being forthcoming about the most important reasons for that. Third, various UN entities are working at cross purposes, and don’t...

"United" Nations/Famine & Food Aid/Sanctions

March 9, 2015

Why legal investments in North Korea are a money laundering risk

You’ve often seen me write about the importance of “financial transparency” in transactions with North Korea. For a decade, economic engagement has mostly been done by one of two models: (1) controlled interactions with members of the elite, the actual effects of which are negligible at best; and (2) barbed-wire capitalism, where a few North Korean officials relay orders from foreign managers to hand-picked workers, and where the regime seals the whole enterprise off to prevent it from influencing the local community. The former are, for the most part, of little...

Engagement/Kaesong/Money Laundering/Sanctions/Sunshine

September 26, 2014

U.N. should fund its aid programs from Kim Jong Un’s Swiss accounts.

The Wall Street Journal updates us on the dire financial state of the U.N. World Food Program’s operations in North Korea. The United Nations aid program for malnourished North Koreans may close after raising only a fraction of the money it needs to operate in the country, a senior U.N. official said in a call for donations. “We may need to scale down or think about closing altogether,” Dierk Stegen, the Pyongyang-based North Korea head for the U.N. World Food...

Europe/Famine & Food Aid/Sanctions

September 23, 2014

North Korean Gulag survivors call on Switzerland to freeze Kim Jong Un’s slush funds (Alternate title: Cursed are the Cheesemakers).

Switzerland has always been there for North Korea. When North Koreans were starving to death in heaps, Switzerland was there to receive Kim Jong Il’s personal shopper and sell him millions of dollars’ worth of its finest timepieces. When North Korea needed creative new ways to make money – literally! – Switzerland sold it the very same intaglio presses and optically variable ink our Bureau of Engraving and Printing uses to make money. When Kim Jong Un needed a place...

Activism/Anju Links/Europe/Money Laundering/Refugees/Sanctions

July 22, 2014

Test something louder, Dear Leader. John Kerry still can’t hear you.

With the world erupting in the greatest cascade of escalating conflicts since 1975 and President Obama’s approval rating on foreign policy at negative 21.2% – 11% lower than his overall (dis)approval rating — John Kerry eked out some time over the weekend to tempt fate with a dubious boast: I just came back from China, where we are engaged with the Chinese in dealing with North Korea. And you will notice, since the visit last year, North Korea has been...

Diplomacy/Missiles/NK Military

July 15, 2014

You’d be surprised how much tougher our Zimbabwe and Belarus sanctions are than our North Korea sanctions.

The Treasury Department has just tightened its sanctions regulations on … Zimbabwe, more than doubling the number of Zimbabwean entities on Treasury’s List of Specially Designated Nationals (called the SDN List) from 77 to 161, including “President” Robert Mugabe, his wife, and his son. The sanctions are largely directed at the Mugabe regime’s human rights violations, corruption, and subversion of the democratic process. Here, from Treasury’s Federal Register notice, is a summary of what those sanctions do: Section 1(a) of...

Human Rights/Sanctions

July 1, 2014

“Happy Fourth of July!” – Kim Jong Un

It is already the 2nd of July in Korea, where Yonhap is reporting more missile launches off North Korea’s East Coast. This time, the missiles are said to be KN-09 cruise missiles,* a brand whose alleged proliferation to the North recently generated controversy between two bloggers, each of whom is not me. The latest launch follows the weekend launch of two short-range (300-mile) SCUDs missiles into the Sea of Japan from the vicinity of Wonsan. (Here is KCNA’s commentary on...

Abductions/Japan/Missiles

April 25, 2014

Breaking! N. Korean gulag prisoners celebrate liberation by Samantha Power’s hashtag

The Talmud scholars have long written that it isn’t given to any generation of human beings to correct every wrong and every injustice. But neither are we excused from our obligation to try. And that is the challenge as an international community we face this week. It isn’t given to any generation, or members of the Security Council or the great officers of the world, to right every wrong. But surely we are not excused from our obligation to make...

"United" Nations/Human Rights

Search Results for: Treasury Justice