Open Sources, March 17, 2013: Plan B Watch Edition
WHACK-A-MOLE: The news that Treasury has designated North Korea’s Foreign Trade Bank under Executive Order 13382 leaves me underwhelmed. This executive order provides for the blocking of assets of entities involved in the proliferation of weapons of mass destruction, and restricts transactions with those entities, assuming we can reach them. I’m dubious about how many assets or transactions are within our reach, but the pin-pricky targeting suggests that this approach is far less comprehensive than what’s needed to defang North Korea....