Grace Boyan, NKR Intern
The Challenges Facing Enforcement of American financial Sanctions on North Korea
Introduction On September 26, 2016, the United States Department of Justice announced that it was charging four Chinese nationals and a trading company with conspiring to evade American economic sanctions aimed at North Korea’s nuclear program. Dandong Hongxiang Industrial Development Co. Ltd. (DHID), based in Dandong, China, was accused of utilizing front companies to facilitate transactions for the North Korea-based Korea Kwangson Banking Corporation (KKBC) in U.S. dollars
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