U.S. to Turn to China and Other Nations to Penalize North Korea, Officials Say

By Kira Zalan

The Obama administration is working to cut off North Korea's remaining access points to the global financial system, including through China, a U.S. Treasury Department official told lawmakers Tuesday. In testimony before the U.S. House Foreign Affairs Committee, Assistant Secretary for Terrorist Financing Daniel Glaser said that the Obama administration intends to again use an executive order signed earlier this month that clears the way for sanctions against individuals and entities linked to the North Korean government. The effort to further penalize the financially-isolated nation will entail pressuring China, a "key point of access" to the banking system for North...