U.S. Pushes to Release North Korea’s BDA Accounts

[imText1]With the six party talks concluding with preliminary measures to dismantle North Korea’s nukes, the U.S. is hastening its pace to release parts of North Korea’s accounts frozen in Macau Banco Delta Bank (BDA), reported Japan’s JiJi.com.

According to the report, Daniel Glaser, the U.S. Treasury Department’s Deputy Assistant Secretary for Terrorist Financial and Financial Crimes revealed in a lecture sponsored by the Institute for Corean-American Studies at the Washington National Press Building on the 13th, that the countries were exchanging a plethora of opinions and governmental data in search for a resolution.

In regards to the $24mn of North Korean accounts caught in BDA, Glaser asserted that the most important factor was to adjust the illegal acts with account ownership and insinuated that the purpose of the investigations were aimed at releasing the legitimate funds.

However, Deputy Assistant Secretary Glaser informed that it was unconfirmed whether or not a second financial talks was being planned.

Also, he said that the six party tacks was a completely different case to North Korea’s financial sanctions and that the investigations on North Korea’s counterfeit dollars would continue.

Furthermore, after the agreement was made at the six party talks, U.S. Assistant Secretary of State Christopher Hill said to reporters in Beijing that the issue of frozen accounts and BDA would be resolved within the next 30 days.