BREAKING NEWS

South Korea pinpoints 20 illegal North Korean bank accounts

South Korea has informed the US of up to 20 overseas bank accounts suspected of being used by North Korea for counterfeiting, money laundering and other illegal transactions, a report said Wednesday. The move came as Washington considered punishing the North with its own financial sanctions apart from proposed UN sanctions. Separately, seven key nations have neared agreement on a new UN Security Council resolution that would toughen sanctions against North Korea for defying the Security Council and conducting a second nuclear test on May 25, diplomats said. South Korea gave the US information about some 10 to 20 North Korean bank accounts in China and Switzerland at Washington's request, South Korea's Chosun Ilbo newspaper reported, citing an unidentified government official.
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