US Accuses Chinese Firm of Money Laundering for N. Korea

The Associated Press reports that U.S. authorities have accused a Chinese company of helping North Korea evade financial sanctions.
It says the U.S. has asked a court to seize one-point-nine million dollars which it said was improperly moved through American financial institutions.
AP said that a complaint released Thursday in Washington accused Mingzheng International Trading Limited of conducting transactions for North Korea's state-owned Foreign Trade Bank which is the country's main foreign exchange bank.
The bank headquartered in Shenyang, China is barred from the U.S. financial system under global sanctions.
The Department of Justice said the case would represent one of the largest U.S. seizures of North Korean funds.
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