http://www.geostrategy-direct.com/geostrategy-direct/secure/2011/05_04/ne.as p
U.S. Treasury sanctions N. Korean bank tied to Iran arms shipments The Obama administration tightened economic sanctions against North Korea last week issuing a new presidential order and identifying a bank linked to arms shipments to Iran. The Treasury Department sanctioned the North Korean Bank of East Land, or Dongbang Bank, based on intelligence reports that it was facilitating arms trading with Iran. According to a Treasury statement, the bank helped with "weapons-related transactions for, and [provided] other support to, designated arms manufacturer and exporter Green Pine Associated Corporation." Treasury in 2010 named Green Pine a North Korean arms dealer that was linked to Iran s intelligence entity called Reconnaissance General Bureau (RGB). "In 2007 and 2008, Bank of East Land facilitated transactions involving Green Pine and designated Iranian financial institutions," the statement said. The designation is largely symbolic but is aimed at preventing U.S. and foreign companies from doing business with the bank, while freezing any assets that might be held in U.S. financial institutions. Treasury has been in the lead in using financial controls against arms proliferators, mainly by notifying international banks that they could be blocked from doing business with U.S. financial institutions if they facilitate illicit arms trading. The controls have proved to be a powerful incentive for international lenders not to get caught doing business with rogue state. Meanwhile, the White House released an executive order April 18 that authorized blocking North Korean companies from doing business with U.S. firms. [Non-text portions of this message have been removed] ------------------------------------ -------------------------- Want to discuss this topic? Head on over to our discussion list, discuss-os...@yahoogroups.com. -------------------------- Brooks Isoldi, editor biso...@intellnet.org http://www.intellnet.org Post message: osint@yahoogroups.com Subscribe: osint-subscr...@yahoogroups.com Unsubscribe: osint-unsubscr...@yahoogroups.com *** FAIR USE NOTICE. This message contains copyrighted material whose use has not been specifically authorized by the copyright owner. OSINT, as a part of The Intelligence Network, is making it available without profit to OSINT YahooGroups members who have expressed a prior interest in receiving the included information in their efforts to advance the understanding of intelligence and law enforcement organizations, their activities, methods, techniques, human rights, civil liberties, social justice and other intelligence related issues, for non-profit research and educational purposes only. We believe that this constitutes a 'fair use' of the copyrighted material as provided for in section 107 of the U.S. Copyright Law. If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtmlYahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/osint/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/osint/join (Yahoo! ID required) <*> To change settings via email: osint-dig...@yahoogroups.com osint-fullfeatu...@yahoogroups.com <*> To unsubscribe from this group, send an email to: osint-unsubscr...@yahoogroups.com <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
