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N Korea Opens 10 New Bank Accounts in Russia

faucet2.jpg UPDATE - Now N Korea has turned to Russia, opening up 10 new bank accounts in order to get around the other banking sanctions the US has imposed. If you've kept up, you know we have succeeded in shutting down numerous banking relationships all over Asia, in part because of the N Korean Supernotes counterfeiting of US $100-dollar bills.

We are applying pressure. Russia hasn't said no.  "With billions of dollars in oil revenue flowing through a banking system that could suffer severely from any sanctions, it shouldn't be too difficult to persuade Russia that its own interests lie in ending its role of Kim's banker of last resort."  WSJ

Posted on Friday, September 8, 2006 at 07:28AM by Registered CommenterSTICKY NOTES in , | Comments1 Comment | References2 References

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References (2)

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  • Response
    Response: Yet another dose of reality
    at Snapped Shot on September 8, 2006
    Yes, Virginia, there is an axis of evil. One member, North Korea—who has been spotlighted by Sticky Notes for their counterfeiting operations, has just been caught sending another member, Syria—who along with Iran is backing the terrorist group Hezbu
  • Response
    Response: To the victor goes the spoil?
    at Snapped Shot on September 13, 2006
    To nobody's surprise, the corrupt, nepotistic regime (ok, so it's the other corrupt, nepotistic regime) Hezbullah is handing out foreign aid in Southern Lebanon only to its supporters.Locals have complained that aid is being doled out on the basis of

Reader Comments (1)

Considering the bank accounts they have through China, its interesting that they have Russia buying off on the idea. Quickest way to get instant bank scrutiny these days is to have a banking relationship with the Magic Kingdom of North Korea.

Have to go through my postings and re-dig up the Dept. of Treasury's list of banks under scrutiny or that are off-limits to US banking.
September 10, 2006 | Unregistered Commenterajacksonian

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