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The House Committee on Foreign Affairs Friday advanced a measure that would bar foreign banks linked to North Korean weapons proliferation and financial crime from holding U.S. correspondent accounts. Introduced by Chairman Ed Royce (R-CA), the North Korea Sanctions Enforcement Act of 2015 would task the Treasury Secretary with determining whether the Asian nation is a "primary money laundering concern" under the U.S. Patriot Act. The designation would allow the Treasury Department to order financial institutions to cut their financial services for foreign counterparts deemed to have aided North Korea's proliferation, smuggling and money laundering efforts, among other acts. A...