TruNews – July 12, 2017
Chinese companies and banks funneling money into Pyongyang’s weapons program is now prompting the United States to move towards unilaterally tightening sanctions on North Korea.
Breitbart reporting on the subject said that, recently unsealed court filings as offering clues that the White House is ready to act on its own in sanctioning banks. In those filings, the Justice Department pointed to a network associated with five companies linked to a Chinese national that hid transactions to help finance the North Korean regime.
Analysts told the Journal that some Chinese banks handle allegedly laundered money that could be targeted. While efforts to shut down North Korea’s missile program have stumbled in recent years, officials said the missile launch was a game changer, particularly as it put Alaska within reach.
The Trump administration has shown a more muscular stance on North Korea and had been eyeing more sanctions even before the launch. However, the unilateral option will look more enticing to U.S. officials considering the stalemate in the U.N. Security Council.