US slaps additional sanctions on North Korea
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Last Updated: Friday, March 08, 2013, 08:54
  
Washington: Moving quickly after the UN security Council passed an unanimous resolution against North Korea, the United States has slapped additional sanctions against the regime in Pyongyang, including three individuals involved in its proliferation programme.

The three individuals are Mun Cho'ng-Ch'o'l, a Tanchon Commercial Bank (TCB) representative who served in Beijing, China; and Yo'n Cho'ng-Nam and Ko Ch'o'l-Chae, both based in Dalian, China, and representatives of Korea Mining Development Corporation (KOMID).

"These individuals are important actors within North Korea's proliferation network who have been working to gain access to international markets," Under Secretary for Terrorism and Financial Intelligence, David S Cohen, told reporters here.

"We will continue to work with our partners around the world to expose these operations and hold North Korea accountable for its provocative and destabilising acts," he said.

The Treasury Department alleged that TCB acts as the financial arm of KOMID, Pyongyang's premier arms dealer and main exporter of goods and equipment related to ballistic missiles and conventional weapons.

KOMID has offices in multiple countries around the world and facilitates weapons sales for the North Korean government.

TCB plays a role in financing KOMID's sales of ballistic missiles and has also been involved in ballistic missile transactions from KOMID to Iran's Shahid Hemmat Industrial Group (SHIG), the US and UN-sanctioned Iranian organisation responsible for developing liquid-fuelled ballistic missiles, the Department said.

PTI


First Published: Friday, March 08, 2013, 08:54


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