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.
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 blacklisted a North Korean bank and a related firm Thursday for their alleged role in facilitating the country's weapons programs.