US should fine Chinese banks that support Pyongyang, former US official says

Published: 25/08/2017
US should fine Chinese banks that support Pyongyang, former US official says
Source: WWW.SCMP.COM

The US could impose billions of dollars in regulatory fines against large Chinese banks that fail to limit alleged financial ties with North Korea and its nuclear and missile programmes, a former US Treasury official said on Thursday. The US would use the fines as a bargaining chip to press Beijing to do more on its own to halt Pyongyang’s nuclear ambitions, instead of enacting economic sanc

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