Yonhap
11/20/2006
China has lifted its freeze on some North Korean accounts in a Macau bank which have allegedly been involved in money laundering and other financial irregularities for Pyongyang, a diplomatic source said Monday.
China ordered its banks to stop engaging in financial dealings with Banco Delta Asia (BDA) in the Chinese territory of Macau, after the U.S. gave its financial institutions similar instructions in September 2005. The sanctions led to the freeze of about US$24 million of the North’s holdings.
Yonhap
11/20/2006
U.S. does not confirm report of unfrozen N.K. account, reaffirms talks within 6-party context
U.S. officials deferred to Chinese authorities on Monday to confirm whether Beijing has released some of the North Korean accounts frozen for alleged illicit financial activities.
At the same time, they reaffirmed that the U.S. is ready to address the issue at the six-nation nuclear talks when they resume.
