Subscribe to our free daily newsletters
. Military Space News .




Subscribe to our free daily newsletters



US Links NKorean Counterfeit Currency To WMDs

Last week the United States blacklisted eight North Korean entities as proliferators of weapons of mass destruction and froze whatever assets they had under US jurisdiction.

Beijing (AFP) Oct 28, 2005
A US official warned Friday that North Korea's mass production and distribution of counterfeit US currency is likely funding the proliferation of weapons of mass destruction.

Stuart Levey, the US Treasury's undersecretary for terrorism and financial intelligence, said his government was extremely concerned about Pyongyang's production of large amounts of high-quality fake US bills.

"You have to come to the conclusion that the counterfeit is supporting the proliferation," he said.

Levey said the high-quality counterfeits, also known as Supernotes, were eventually laundered to fund illicit activities of the reclusive Stalinist regime.

"There are a variety of ways that counterfeit currency can be put into legitimate financial system and ultimately laundered so it produces value for the government of North Korea," he said.

"It's something that we take extraordinarily seriously," he said, declining to put a value to the fake notes that have been distributed.

Last week the United States blacklisted eight North Korean entities as proliferators of weapons of mass destruction and froze whatever assets they had under US jurisdiction.

It also prohibited all transactions between US citizens and the entities, according to a statement from the Treasury Department.

The statement said the move was part of a US effort to combat unconventional weapons trafficking "by blocking the property of entities and individuals that engage in proliferation activities and their support networks."

Washington has also sought the extradition of the head of an Irish Republican Army splinter group charged with conspiring with Pyongyang to distribute bogus US notes in eastern Europe and Britain.

US President George W. Bush has introduced rules imposing strong financial sanctions against not only weapons of mass destruction but also entities and individuals providing support or services to proliferators.

North Korea claims to have produced the atomic bomb, and says it needs the weapons to fight off the threat of aggression from the United States.

Six-nation talks aimed at getting Pyongyang to abandon its nuclear ambitions have so far made little concrete progress. Another round is due to start in Beijing next month.

Related Links
SpaceDaily
Search SpaceDaily
Subscribe To SpaceDaily Express

Japan To Host US Nuclear-Powered Warship, Sparking Row
Yokosuka, Japan (AFP) Oct 28, 2005
Japan said Friday it had agreed to host a US nuclear-powered aircraft carrier here in 2008 for the first time, prompting protests in a nation still sensitive about atomic issues.







  • US Needs Strong Military Presence In Asia: Study
  • Analysis: US - Libya Now Friends
  • Analysis: Rice Brings New Style To State
  • Policy Watch: Moscow's Multipolar Mirage

  • US Links NKorean Counterfeit Currency To WMDs
  • Japan To Host US Nuclear-Powered Warship, Sparking Row
  • Analysis: Iran President Attacks Israel
  • North Korean Envoy To Hold Talks With US Lawmakers On Capitol Hill

  • New Chinese Missile Could Hit Australia, New Zealand
  • Raytheon/NetFires Select SPARTA/San Diego Composites To Provide Launch Container For NLOS-LS Missile
  • Russians Helping Iran Create Europe Missile Threat: British Paper
  • Raytheon's Joint Standoff Weapon Block II's First Captive Flight a Success

  • BMD Focus: Doubts About Interceptors
  • U.S. Army activates new Missile Defense Command
  • BMD Focus: China Relies On Missiles
  • LockMart Partners With US, Spanish Navies for Aegis Weapon Demonstation

  • Pentagon Announces Possible Pilot Training Contract With Taiwan
  • US Forced Israel To Freeze Venezuelan F-16 Contract: Ministry
  • Wright Brothers Upstaged! Dinos Invented Biplanes
  • Boeing Awarded Common Bomber Mission Planning Enterprise Contract

  • Predator's Success Ups Procurement And Development
  • UAV Market to Top $13 Billion by 2014
  • Nanorobot Fabrication Makes Ultrasmall Sensors Possible
  • Aurora Flight Sciences' Goldeneye-50 Completes Flight Milestone

  • Outside View: Russian Eye On Plamegate
  • Libby, Rove Await Indictment Decisions
  • Commentary: Dumb, But Smart Feith
  • IEDs: Iraq Rebels' Deadly Weapon Against US Troops

  • ManTech Wins Contract For Design & Development Of Militarized Products & Systems
  • BAE Systems Demonstrates Multi-Ammunition Softkill System Aboard US Army Vessel
  • Saab Contract Signals First Commercial Sale Of QinetiQ's Synthetic Aperture Sonar
  • Northrop Grumman Selects Designer For CVN 21 Advanced Weapons Elevator

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement