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Home >> World
UPDATED: 09:44, February 14, 2007
U.S. ready to resolve financial restrictions against DPRK
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The U.S. Treasury is ready to take steps to resolve the accounts belonging to the Democratic People's Republic of Korea (DPRK) at Macao's Banco Delta Asia, a senior Treasury official said Tuesday.

"I think we're at the point now where we do have enough information and have had enough discussions that we can begin taking steps to resolve the Banco Delta Asia matter," said Daniel Glaser, the Treasury's deputy assistant secretary for terrorist financing and financial crimes, at a symposium.

"It's never been our position that accounts in which there's no relation to illicit activity should be held indefinitely. That's one of the things that we're going to be working towards as we bring this matter to resolution," Glaser said.

The United States has accused the DPRK of using Banco Delta Asia of engaging in money laundering activities and imposed financial sanctions on the DPRK as a result in 2005.

However, as part of the nuclear deal reached in Beijing toward the denuclearization of the Koran peninsula, the United States and the DPRK agreed to resolve the issue of frozen DPRK assets in the Banco Delta Asia within 30 days.

Source: Xinhua


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