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U.S. Investigating Chinese Bank

Posted December. 29, 2005 03:01,   


On December 28, the Yomiuri Shimbun quoted several diplomatic sources from the U.S. and China that said, “The U.S. government is secretly investigating a Chinese bank for laundering illegal North Korean money.”

However, the Japanese newspaper added that the details of the Chinese bank, such as its name and location, were unknown.

In addition, the paper reported that ever since counterfeited North Korean $100 bills (supernotes) were discovered at the end of 1989, the volume of supernotes seized by the U.S. over the last 16 years currently stands at $45 million, and that $13 million was confiscated last year in Taiwan alone.

The paper said that the Treasury Department recently revealed the above information at a briefing with the countries related to the case.

Kwang-Am Cheon iam@donga.com