The 33 defendants include executives of North Korea’s state-owned Foreign Trade Bank, which in 2013 was added to a Treasury Department list of sanctioned institutions and cut off from the U.S. financial system.According to the indictment, the bank officials – one of whom had served in North Korea’s primary intelligence bureau – set up branches in countries around the world, including Thailand, Russia and Kuwait, and used more than 250 front companies to process U.S.
The case was filed at a time of delicate relations between the U.S. and North Korea. The rapprochement that President Donald Trump has tried to engineer over the past two years has stalled badly, with the last face-to-face meeting between senior officials from the two countries taking place in October in Stockholm.
Apart from recent speculation over North Korean leader Kim Jong Un’s health, which prompted public expressions of concern from Trump, the administration has been almost completely silent on North Korea. U.S. officials say they remain eager to restart negotiations but have gotten no indication from the North that any resumption is imminent.
The new indictment underscores ongoing concerns about sanctions violations by North Korea. Last month, United Nations experts recommended blacklisting 14 vessels for violating sanctions against North Korea, accusing the country in a report of increasing illegal coal exports and imports of petroleum products and continuing with cyber attacks on financial institutions and cryptocurrency exchanges to gain illicit revenue.
😳
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:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Royal Bank Q2 profit cut to $1.48 billion compared with $3.23 billion a year agoRoyal Bank of Canada saw its second-quarter profit cut to less than half what it was a year ago as the amount it set aside for bad loans soared due to the pandemic. So sad Those poor shareholders, how ever will they survive?
Source: CTVNews - 🏆 1. / 99 Read more »
Pay It ForwardJoin us May 26 at 8 p.m. ET for a Pay It Forward Live event featuring New York Giants running back Saquon Barkley and Miami Dolphins quarterback Tua Tagovailoa. Actor and and comedian Rob Riggle will provide commentary as the athletes play 'Madden NFL 20.' Throughout the Pay It Forward Live series, Verizon will donate $10 each time viewers use PayItForwardLive and tag their favorite small businesses to unlock up to $2.5 million to support Local Initiatives Support Corporation’s (LISC) small business COVID-19 relief efforts.
Source: HuffPostCanada - 🏆 61. / 53 Read more »
TD Bank profit falls 52% as bad loan provisions jump fivefoldTotal provisions for loan losses rose to $3.22 billion
Source: nationalpost - 🏆 10. / 80 Read more »
Canadian dollar dips with oil but stays in reach of 2½-month highCanadian dollar dips with oil but stays in reach of 2½-month high GlobeInvestor
Source: globeandmail - 🏆 5. / 92 Read more »
Twitter fact-checks Trump tweet for the first timeSocial-media platform says U.S. President made false claims about mail-in ballots If there’s one organization I want to place my faith in determining what is and isn’t reality it’s a group of people working for a massive corporation Good luck to them if they try to keep up with his loose interpretation of the facts. Just before the election campaign gets on it's way. Twitter has the reputation of the platform of liars. Has to do something before people start leaving for other platforms. It is no longer profitable to have Trump lying at will.
Source: globeandmail - 🏆 5. / 92 Read more »
COVID-19: Thousands of Canadians getting US$1,200 cheques simply because they’re still U.S. citizensAccording to the IRS, nearly 750,000 stimulus cheques have gone out to ‘foreign addresses,’ totalling $1.2 billion Like andy scheer And 000’s of Indian’s, Iraqi’s, and Chinese citizens are getting CERB. Thousands of non-Canadians getting CA$2,000 cheques simply because JustinTrudeau lets them apply for CERB.
Source: nationalpost - 🏆 10. / 80 Read more »