Investigation Underway Into Latvian Bank Suspected of Illegal Dealing with N. Korea

SEOUL, Feb. 15 (Korea Bizwire) – Latvia is investigating a local bank suspected of illegal trading related to North Korea’s weapons system, the Latvian top diplomat said Wednesday. The investigation comes as the United States has reportedly imposed sanctions on the Latvian bank ABLV for its financial transactions with North Korean entities blacklisted by the United Nations Security Council. The Latvian bank’s financial transactions contributed to North Korea’s illicit procuring for or [...]