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U.S.legislator ask for new curbs on Macau´s Delta Asia bank

The United States should impose further sanctions on Macau’s Delta Asia Bank Ltd, according to the chairman of the Foreign Affairs Committee of the U.S. House of Representatives, Ed Royce. Royce said in an interview to Bloomberg Television on Saturday that the North Korean regime was still using Delta Asia for illicit transactions. The United […]

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UPDATED: 22 Dec 2023, 5:49 am

The United States should impose further sanctions on Macau’s Delta Asia Bank Ltd, according to the chairman of the Foreign Affairs Committee of the U.S. House of Representatives, Ed Royce.

Royce said in an interview to Bloomberg Television on Saturday that the North Korean regime was still using Delta Asia for illicit transactions.

The United States accused Delta Asia of laundering money for the North Korean government in 2005 and froze about US$25 million (MOP200 million) in funds kept in the bank.

The money was unfrozen two years later.

Currently, the bank is still banned from doing business with U.S. financial institutions, which in effect prevents it from dealing in foreign currency.

The U.S. consulate-general in Hong Kong declined to comment on Royce’s remarks.

Delta Asia’s chairman, Macau businessman Stanley Au Chong Kit, also declined to make any comments. (macaunews)

UPDATED: 22 Dec 2023, 5:49 am

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