Displaying items by tag: financial networks

An award-winning professor and author of four books on North Korea says that not only is North Korea’s current instability, violent attitude and weaponry, including missiles a threat to Asia, United States, key regions in the Middle East and Africa, but there is also the threat that North Korea’s collapse could unleash a variety of their military systems into the black market for sale to Iran and Syria. He, and others, believe that the two ways to contain this threat are tactical and strategic. A tactical approach would be an increased ballistic missile defence system providing a realistic umbrella against nuclear attack. The strategic way means going after banks and front companies globally where Pyongyang launders the dirty money it uses (much of it gained from military proliferation). It is important to note that when it comes to targeting North Korea’s dirty money there are mafia-like illicit financial networks in Singapore, Malaysia, Africa and China.