Foreign officials who knowingly fail to enforce U.N. trade and banking restrictions levied against North Korea in response to the country's nuclear weapons and ballistic missile programs could be blacklisted under U.S. legislation introduced this week. A draft bill circulating through the House of Representatives would task the Treasury Department with barring U.S. financial institutions, their overseas branches and affiliates from processing transactions on behalf of foreign government representatives found to be complicit in enabling sanctions evasion by North Korea. Because North Korea under leader Kim Jong-un has proven adept at skirting tough sanctions imposed by the United Nations and...
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