Feds: North Korea used front company to earn millions to pay for nukes

  • 📰 NBCNews
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Federal investigators believe North Korea used a China-based front company to evade sanctions and earn 'hundreds of millions of dollars' to fund its nuclear program, according to a newly unsealed appellate court ruling.

In its ruling, the court's three-judge panel noted that the U.S."government does not currently suspect the banks of any wrongdoing," but that investigators think the banks' records"may clarify how North Korea finances its nuclear weapons program." The records sought are from 2012 to 2017 and include documentation of deposits, withdrawals and transfers by the alleged front company, which is now defunct.

An FBI special agent also told the panel, in a declaration submitted by prosecutors, that in a separate case involving North Korea, the Chinese government had agreed to work jointly with U.S. authorities on requests for bank records. However, nothing came of the U.S. requests. The three judges concluded their opinion and order by affirming the contempt order by the D.C. District Court, which will impose fines against the three banks at $50,000 per day if they don't comply with the subpoenas.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

KenDilanianNBC Trump’s love affair with Kim disgusts me more everyday. He enables him. My father fought in the Korean War! Trump is a sick psychopath just like him!

Wait, I thought Kim and Trump were BFFs?

You mean Kim Jong Un is lying & cheating on Trump? Monkey see, monkey do🙄

That's just fucking great!!! Fat chance of asking China help us with anything after Dimwit Donnie putting the screws to them!

realDonaldTrump’s lover would never do that to him.

and realDonaldTrump have a good understanding relationship, REALLY! GOP WhiteHouse

POTUS

Canada Canada Latest News, Canada Canada Headlines