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Weekly Roundup: U.N. Passes North Korea Sanctions, OFAC Probes French Bank, and More
printThe United Nations Security Council passed a resolution Thursday ordering member-states to deny financial services to North Korea, including bulk cash services in retaliation for the communist nation's Feb. 12 nuclear test. More Separately, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) designated three North Korean nationals: Yo'n Cho'ng-Nam and Ko Ch'o'l-Chae of Korea Mining Development Corporation and Mun Cho'ng-Ch'o'l of Tanchon Commercial Bank. More The United Nations Security Council partially eased an arms embargo against Somalia for a year, Aljazeera reported Thursday. The move allows the government in Mogadishu to purchase weapons to strengthen its fight against...
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