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Weapons of Mass Destruction (WMD)

DPRK Will Honor Its Commitments to Anti-Money Laundering

Korean Central News Agency of DPRK via Korea News Service (KNS)

Pyongyang, January 16 (KCNA) -- The spokesman for the National Coordinating Committee of the DPRK on Anti-Money Laundering and Combating the Financing of Terrorism Friday gave the following answer to the question put by KCNA in connection with the fact that, recently, the DPRK committed itself to implementing the action plan of 'international standard' for anti-money laundering and combating the financing of terrorism:

On Jan. 15, the president of the Central Bank of the DPRK submitted the Financial Action Task Force on Anti-Money Laundering a letter in which the DPRK committed itself to implementing the action plan of 'international standard' for anti-money laundering and combating the financing of terrorism.

This is a manifestation of the political will of the DPRK government, prompted by its consistent stand to boost international cooperation for anti-money laundering and combating the financing of terrorism.

Most of the recommendations in the action plan have long been implemented by the DPRK to suit its specific conditions as they are legal and institutional measures for incriminating and punishing money launderers and supporters of the financing of terrorism.

The DPRK will sincerely implement the action plan to promote the mutual understanding among the member nations of the Financial Action Task Force as it had committed despite the moves of the U.S. and some other countries which are not pleased with cooperation between the DPRK and the Financial Action Task Force.

The Task Force should positively respond to such cooperation efforts made by the DPRK just as it gave assurances at the negotiations with the latter.



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