MNUCHIN SANCTIONS CHINESE BANKS

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>The Treasury Department has labeled the China-based Bank of Dandong “a foreign bank of primary money laundering concern,” and accused it of “serv[ing] as a gateway for North Korea to access the US and international financial systems despite US and UN sanctions.” Basically, the US believes that North Korea is able to make investments and purchases by funneling its currency through this bank. This action freezes the entire bank out of the US financial system.
>The US has sanctioned Dalian Global Unity Shipping Co. for its alleged involvement in the smuggling of luxury goods into North Korea in defiance of a United Nations–mandated luxury goods ban. The sanctions freeze any US assets it has and ban Americans and American companies from doing business with it.
>The Treasury Department has designated two individuals, Sun Wei and Li Hong Ri, for establishing and running front companies for North Korean banks. The sanctions freeze any US assets they have and ban Americans and American companies from doing business with them.

Better to be ruled by Jews than Chinks, right