N. Korea lambasts money-laundering watchdog over renewed 'high-risk' label
North Korea on Friday denounced the intergovernmental anti-money laundering body for keeping Pyongyang on its blacklist, claiming the agency serves the United States' hostile policy toward it. At a meeting in Paris in late October, the Financial Action Task Force (FATF) decided to keep the North on its list of a "high-risk jurisdiction subject to a call for action." The designation applies to…
North Korea has strongly criticised the Financial Action Task Force (FATF) for keeping the country on its high-risk money laundering blacklist, according to a statement from the North's Foreign Ministry carried by the Korean Central News Agency (KCNA). The FATF, an intergovernmental anti-money laundering body, maintained its designation of North Korea as a high-risk jurisdiction at a meeting in Paris in late October, despite concerns raised by the North.
The ministry spokesperson expressed "strong displeasure" over the FATF's actions, claiming the agency is serving the United States' hostile policy toward North Korea. The spokesperson emphasized that allegations of money laundering, terrorism financing, drug trafficking, and counterfeiting do not apply to North Korea, describing the FATF as a "conspiracy group" and an "extremely politicized organization serving the U.S. hostile policy."
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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