Financial Times FT.com

BDA denies wrongdoing on N Korean funds

By FT reporters

Published: March 15 2007 19:24 | Last updated: March 16 2007 05:33

Banco Delta Asia, the Macao bank accused by the US of laundering money for North Korea, on Friday denied any wrongdoing over handling Pyongyang’s funds and vowed to regain management control from the government.

The US Treasury on Wednesday banned American banks from dealing with BDA, saying it had found evidence that the bank had turned a ”blind eye” to illicit activity by North Korea.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this