From the Korea Times:
US Ties Macau Bank to Kim Jong-il
WASHINGTON (Yonhap) _ The U.S. government has figured out most of North Korea’s transactions in a Macau bank and believes they were mostly personal dealings involving Pyongyang’s leadership, a diplomatic source said Wednesday.
Washington has studied North Korea’s transaction records with the Banco Delta Asia, where about $24 million in cash was deposited by North Korea, but frozen by U.S. sanctions.
The bank in the Chinese territory froze about 40 North Korean accounts last year after it came to the brink of bankruptcy as U.S. banks stopped their transactions with it in response to Washington’s claim that Pyongyang was laundering its illicitly earned money there.
The U.S. found that the bank has produced handwritten transaction data regarding North Korea in addition to official computer records, the source said on condition of anonymity. The bank seemed to have used written records of the North Korean transactions as a way to hide them from official view, the source said.
