Washington’s move to shut off Bank of Dandong from the U.S. financial system punishes a small regional Chinese lender with what US authorities say has been an outsized exposure to North Korea and its banned nuclear and missile programs.
The US Treasury on Thursday accused the bank of facilitating millions of dollars in transactions for companies tied to North Korea’s weapons development, as Washington ratchets up pressure on Beijing to rein-in its isolated neighbor and ally.
“Bank of Dandong will in effect be shunned by the US banks that may in the past have been used to clear its transactions,” said William Newcomb, a former member of the United Nations Panel of Experts on North Korea. “Most international banks will also cease dealing with Bank of Dandong because of reputational risk.”
“Similarly, other Chinese banks could damage their own ability to cleartransactions should they try to act on Bank of Dandong’s behalf and be found out,” he said, calling the move “an overdue step.”
نستخدم ملفات الكوكيز لنسهل عليك استخدام مواقعنا الإلكترونية ونكيف المحتوى والإعلانات وفقا لمتطلباتك واحتياجاتك الخاصة، لتوفير ميزات وسائل التواصل الاجتماعية ولتحليل حركة المرور لدينا...اعرف أكثر