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US Treasury official arrives in Beijing for financial talks with North Korea

US Treasury official arrives in Beijing for financial talks with North Korea

A U.S. Treasury official arrived in Beijing on Sunday to resume negotiations with North Korea over its alleged illicit financial dealings, an issue that has hobbled the North Korean nuclear disarmament talks.
Deputy Assistant Treasury Secretary Daniel Glaser said he would meet with North Korean officials Tuesday and hoped the talks would build on previous discussions in December.
"I'm looking forward to some productive meetings, picking up from where we left off," Glaser, whose portfolio covers terrorist financing and financial crimes, told reporters.
The financial negotiations are expected to clear the way for another round of talks on dismantling North Korea's nuclear programs, perhaps in early February.
Pyongyang has tied the two together since Washington took action against the Macau-based Banco Delta Asia in 2005, accusing the small, privately run bank of laundering counterfeit money and abetting other unspecified criminal acts by North Korea.
The move has caused other banks to steer clear of North Korean business for fear of losing access to the U.S. market, thereby hampering North Korea's access to the international banking system.
Pyongyang called the actions evidence of U.S. hostility. For a year, it boycotted the six-nation disarmament negotiations, demanding that Washington first end the financial isolation campaign and lift a freeze on US$24 million (


Updated : 2021-05-19 05:54 GMT+08:00