Report: N. Korea prepares to transfer bank money

April 29, 2007 14:13

North Korea has moved to take possession of previously frozen funds at the center of a dispute that has stalled progress on its nuclear disarmament, a news report said Sunday. Macau financial authorities ordered Banco Delta Asia, a local bank which held the frozen accounts, "to make preparations" after North Korea requested cooperation with a money transfer last week, Yonhap news agency said, citing an unnamed senior official at the bank.

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