Crackdown Begins: Chinese Banks Are Suspending North Korean Transactions

Crackdown Begins: Chinese Banks Are Suspending North Korean Transactions:

Japan’s Kyodo reports that Chinese state banks have started suspending transactions through accounts held by North Koreans, making it nearly impossible to do business between the two countries.  At least three major state banks – Bank of China, China Construction Bank and Agricultural Bank of China – have banned North Koreans from opening accounts.

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