US Blacklists Chinese Bank Funding N. Korean Weapons

The United States blacklisted a small Chinese bank on Thursday, accusing it of laundering money to boost North Korea’s nuclear weapons development. The U.S. Treasury Department called the Bank of Dandong a “primary money-laundering concern” and proposed removing it from the U.S. financial system after a 60-day review period. In addition, the U.S. slapped sanctions on…