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U.S. Officials Blacklist Russian Bank, North Korean Banker and Front Companies

"A Moscow-based commercial bank that has conducted business with North Korea for the better part of a decade maintained those ties as global sanctions against the country and its financial system escalated, according to the U.S. Treasury Department.

...Friday’s announcement offers almost no details on the underlying transactions, leaving banks in the dark as to what qualifies as 'significant' in the context of U.S. sanctions against North Korea, Michael Casey, a London-based attorney with Kirkland & Ellis, wrote in an email."

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This article appeared in its entirety in the August 3, 2018 edition of Moneylaundering.com.