China banks freeze North Korean accounts: Report
Chinese banks including a branch of China’s biggest bank Industrial and Commercial Bank of China (ICBC) have frozen accounts belonging to North Koreans, a South Korean newspaper reported on Monday.
Citing phone conversations with an unnamed employee of ICBC’s office in the northeastern Chinese border city of Dandong, the Dong-A Ilbo reported that since late December it had suspended all deposits and transfers of foreign currencies in and out of accounts with North Korean names.
Source: China banks freeze North Korean accounts: Report – Asia Times
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