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U.S. targets North Korea missile proliferation network
enpoliticstyle

(TREASURY, NORTH, KOREA, ELECTRONICS, FINANCIAL, KOMID)


WASHINGTON (Reuters) - The U.S. Treasury said on Tuesday it has targeted an Iranian-based firm for its ties to North Korea`s missile proliferation network, a move that bans U.S. companies from dealing with it. Hong Kong Electronics, located in Kish Island, Iran, has been named for transferring millions of dollars of proliferation-related funds to North Korea from Iran. "North Korea uses front companies like Hong Kong Electronics and a range of other deceptive practices to obscure the true nature of its financial dealings, making it nearly impossible for responsible banks and governments to dis... read more

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