The Treasury Department’s Office of Foreign Assets Control today announced sanctions against eight North Korean banks, two banks identified as part of the North Korean government and 26 individuals linked to North Korean financial networks. The new sanctions come as North Korea continues pursuing weapons of mass destruction capabilities. The individuals sanctioned are North Korean nationals acting as representatives of North Korean banks in China, Russia, Libya and the United Arab Emirates.
ABA supports creation of independent office to oversee FDIC supervisory appeals
A proposal to create an independent office at the FDIC to oversee bank appeals of its supervisory decisions would serve “as a crucial backstop for fair and consistent supervision,” ABA said.
