How We Present the News
WORLD NEWS
Positive Trends
Success Stories
Flops
Agriculture
Business
Culture
Education
Government
Health
Science
World Peace
News by
Country
Maharishi in the World Today
Excellence in Action
Consciousness Based Education
Ideal Society
Index
Invincible World
Action for
Achievement
Announcements
WATCH LIVE
Maharishi® Channel
Maharishi TV
Maharishi Darshan Hindi Press Conferences
Maharishi's Press Conferences and Great Global Events
ULTIMATE GIFTS
Maharishi's
Programmes
Maharishi's
Courses
Maharishi's
Publications
Scintillating
Intelligence
Worldwide Links
Transcendental
Meditation
RESEARCH
Album of Events
Celebration
Calendars
Musicmall ♬
Search
|
U.S. Official: Macau bank probe ongoing
by Sylvia Hui
The Associated Press Translate This Article
5 June 2006
HONG KONG (AP) - Efforts to clean up a Macau-based bank accused by the U.S. of laundering money for North Korea have made good progress, but investigations into the bank are still ongoing, a U.S. Treasury official said Monday.
Daniel Glaser, the U.S. Treasury deputy assistant secretary for terrorist financing and financial crimes, said authorities in Macau have taken steps to clean up Banco Delta Asia since the U.S. banned transactions between the bank and American financial institutions in September.
The Treasury called the bank a ``willing pawn for the North Korean government'' and charged that its clients were involved in smuggling and counterfeiting.
``Our designation of BDA has produced encouraging results,'' Glaser told a financial crime forum in Hong Kong Monday.
Steps have been taken to expedite anti-money laundering laws and identify illicit North Korean business in Macau, and a new management for the bank is in place, Glaser said.
``These are welcome steps—but our continued and constant vigilance will be needed to ensure these results do not wane, and North Korean entities engaged in illicit activities are denied financial services worldwide,'' he said.
``Investigations are still ongoing,'' he said when asked whether the U.S. will revoke designation of the bank as a ``primary money laundering concern.''
The U.S. sanctions on Banco Delta Asia and several North Korean companies it said were involved in counterfeiting, money laundering and funding weapons proliferation are a key sticking point in resuming international talks aimed at curbing Pyongyang's nuclear weapons program.
North Korea has denied the allegations and since November has vowed not to return to the six-nation nuclear talks until Washington lifts a freeze on disputed North Korean assets in Banco Delta Asia.
Washington says the financial restrictions are unrelated to the nuclear talks.
Copyright © 2006 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Global Good News comment:
Maharishi's Vedic Approach to Business and Industry provides favourable, evolutionary conditions in all fields of business and industry—which means a problem-free, pollution-free, life-supporting quality of business and industry that provides all comforts and amenities for daily life without any hazardous, or life-damaging, element.
Read more about Maharishi's Vedic Approach to Business and Industry:
http://maharishi-programmes.globalgoodnews.com/vedic-industry/programmes.html
Translation software is not perfect; however if you would like to try it, you can translate this page using:
|
|