North Korea denies involvement in money laundering

The statement followed a recent decision by the Asia-Pacific Group on Money Laundering to strip Pyongyang of its observer status.

Our country joined that group as an observer to clearly demonstrate that it has nothing to do with money laundering, terrorist financing and other forms of international crimes, a spokesperson for the National Committee recalled.

He said that, among other measures demonstrating Pyongyang’s strict compliance with its obligations, the country signed the UN Convention against Transnational Organized Crime in 2016 and amended the national law against money laundering and terrorist financing.

The Asia-Pacific Group on Money Laundering has ignored our sincere efforts and transparent measures and has shown obedience to the hostile policies of the US, which seeks to thwart our state’s right to development at any cost, he denounced.

The statement reiterated the DPRK’s unchanged principled position against money laundering and terrorist financing and expressed no regret at excluding the country from a group that has become Washington’s political tool.

Ied/abo/mem/asg