North Korean leader Kim Jong-il reportedly has a four-billion-dollar “emergency fund” hidden in secret accounts in European banks that he will use if he is forced to flee the country.

Britain’s Daily Telegraph quoted South Korean intelligence officials and human rights activists as saying Monday that if Kim Jong-il’s billion-dollar accounts are frozen, the reclusive leader will have no choice but to respect human rights and give up his nuclear weapons.

The report added that if the North Korean people were to become aware of this money, then it is possible they could rise up against the regime.

The daily quoted a South Korean intelligence official as saying that much of the money was held in Swiss banks until authorities there began to tighten regulations on money laundering. Kim’s operatives then most likely withdrew the money and transferred it to banks in Luxembourg.

A spokesman for the Luxembourg government said that it was obliged to investigate all transactions involving Pyongyang, citing that the problem is that the transactions do not have obvious links to North Korea.