U.S. officials on Tuesday disclosed their intent to blacklist North Korea as a "primary money laundering concern" under the Patriot Act, citing ties between the country's financial system and nuclear weapons program.
The U.S. House of Representatives passed a measure in a voice vote that would require American officials to determine whether to punish foreign banks that maintain ties with North Korea.
The U.S. Treasury Department's sanctions arm blacklisted Korea Daesong Bank Thursday for its alleged ties to a branch of the North Korean communist government.
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