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American lawmakers are considering legislation that would authorize a raft of penalties against any foreign financial institution that conducts business with North Korea, regardless of whether the transactions in question pass through U.S. banks. The measures would be modeled on sanctions the U.S. Treasury Department administered for several years to isolate Iran from the global financial system in efforts to force the Islamic Republic's leadership to negotiate a freeze of its own nuclear weapons program, members of the Senate Banking Committee said Thursday. The bill would authorize U.S. officials to levy civil monetary penalties and other restrictions on any bank...