Advertisement

US Sanctions Affect 8 North Korean Banks, 26 Bank Workers

US Sanctions Affect 8 North Korean Banks, 26 Bank Workers

September 26, 2017 01:02 PM

WASHINGTON (AP) - The Trump administration is using new sanctions authority to punish eight North Korean banks and 26 bank workers living abroad.
    
The sanctions rely on an executive order President Donald Trump signed last week to target North Korea's access to the international banking system. They come as the United Nations has also recently passed its toughest sanctions package targeting North Korea.
    
The eight banks are all in North Korea. The Treasury Department says the 26 individuals are North Korean nationals employed by those banks who work in Russia, China, Libya and the United Arab Emirates.
    
Treasury Secretary Steven Mnuchin says the U.S. is targeting those "across the globe" who facilitate financial transactions for North Korea. He says it's part of the effort to isolate North Korea over its nuclear weapons program.

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Advertisement

KAAL-TV

(Copyright 2017 by The Associated Press. All Rights Reserved.)

Advertisement
Relay Media Amp
Advertisement

Most Read Stories

'My Heart is Full:' Girl Scout Project Feeds Less Fortunate in Eyota

'My Heart is Full:' Girl Scout Project Feeds Less Fortunate in Eyota


Austin Formal Wear Store Closes After 21 Years

Website Keeps Track of Minnesota's Breeding Birds

Iowa Man Charged with Murder in Shooting Death of Mother

Trial in shooting death of Mason City woman set to begin

Power Outage at Atlanta Airport Impacts Thousands of Travelers including Locals

Advertisement
Advertisement
Advertisement