Developing: North Korea Funds Being Wired out of BDA
by Richardson ~ May 15th, 2007. Filed under: Diplomacy, Engagement, Six-Party Talks.Only a month and five days after their funds were unfrozen (10 April) at Banco Delta Asia (BDA), North Korea has found a new bank – in the obligatory “third country” – willing to accept its tainted funds:
North Korea said on Tuesday it may soon receive the frozen funds it demanded be returned before it would start to shut down its nuclear reactor, source of its weapons-grade plutonium.
“Currently, a process is ongoing to wire the funds in Macau’s Banco Delta Asia to our bank account in a third country… If the money transfer has been completed, we will immediately take steps to close nuclear facilities as agreed upon under the February 13 deal,” the North Korean [KCNA] spokesman said.
The time needed for North Korea to shutdown and seal the reactor ranges anywhere from a few days to a few weeks, depending on how far they go (e.g., just shutting down the reactor and sealing that vs. removing, storing, and sealing the fuel rods as well, or somewhere in-between).



May 15th, 2007 at 11:33 pm
No word as to what that third world bank might be?
May 16th, 2007 at 9:15 pm
I’ve been watching, but nothing yet. As soon as more is known I’ll post on it.
May 17th, 2007 at 4:49 pm
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