U.S. Seeks North Korea Funds From Eight International Banks
- Seizure warrants were approved by federal judge in May
- Lenders handled $700 million linked to Pyongyang, U.S. says
North Korean Leader Kim Jong-Un
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U.S. prosecutors disclosed an effort to seize millions of dollars linked to North Korean entities from eight global banks after tensions with Pyongyang escalated over the Fourth of July holiday.
There is no indication that the government believes that any of banks -- Bank of America Corp., Bank of New York Mellon Corp., Citigroup Inc., Deutsche Bank AG, HSBC Holdings Plc, JPMorgan Chase & Co., Standard Chartered Plc and Wells Fargo & Co. -- knowingly violated U.S. sanctions against North Korea.