DIFFERENT ANGLE by Kenneth Rijock
South Korea's National Intelligence Service has reported that the Democratic Peoples' Republic of Korea, or North Korea, has enacted an anti-money laundering law. This apparently is not a cruel compliance joke being played on us by a friend; The Supreme Peoples' Assembly allegedly passed such a law last October. One wonders why it was never announced until now.
The information available on the new legislation is slim; apparently the law bans financial transactions in illicit earnings from:
- Narcotics
- Counterfeit currency
- Weapons
- Real estate
- Precious metals
Of course, this runs counter to new intelligence that the DPRK is still counterfeiting US currency as of 2007, and we wonder how real estate sales qualify as illicit earnings in a country with a controlled economy. In any event, should the translated text of the law become available, World-Check will promptly publish it on this pages.
The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.
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