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INTERNATIONAL > East Asia & Pacific

U.S. asks Japan to impose sanctions on Chinese bank

  • July 28, 2017
  • , Asahi
  • JMH Summary

Asahi filed a story from Washington claiming that the Trump administration has requested that the GOJ impose financial sanctions on a Chinese bank to which it applied punitive measures in late June as a “primary money-laundering concern” for North Korea. Two major Japanese banks have reportedly engaged in financial transactions with the bank in question, the Bank of Dandong based in Liaoning Province. As the Chinese bank’s assets in accounts at the two Japanese entities have been transmitted to the U.S., the USG has reportedly asked the two Japanese institutions via the GOJ to close the accounts in question. The paper projected that Washington is also expected to press Tokyo to impose sanctions on other Chinese firms that have been designated by the USG as subject to its financial sanctions.

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