SKorea pinpoints 20 illegal NKorean bank accounts

June 10th, 2009

Associated Press

SEOUL, South Korea — South Korea has informed the U.S. of up to 20 North Korean bank accounts suspected of being used for counterfeiting, money laundering and other illegal transactions, a news report said Wednesday.

The move came as Washington considered punishing the North with its own financial sanctions apart from proposed U.N. sanctions. Separately, seven key nations neared agreement on a new U.N. resolution that would toughen sanctions against North Korea for defying the Security Council and conducting a second nuclear test on May 25.

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