Sanctions

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North Korea

U.S. Brings Charges Against North Korean Bank Officials

In a federal indictment unsealed Thursday, May 28, the Justice Department has charged 28 North Korean and 5 Chinese citizens with acting as agents of North Korea’s Foreign Trade Bank and facilitating over $2.5 billion in illegal payments for the country’s nuclear weapons program. Working for the Foreign Trade Bank, the agents allegedly established more than 250 front companies to mask payments which transited through the U.S. financial system.

Foreign Policy Essay

A New Source of U.S. Influence in Iraq

Editor’s Note: U.S. influence in Iraq, uneven in the best of times, often suffers from a lack of leverage. As a result, the United States has found it harder to counter Iran’s influence, fight terrorism, improve governance or achieve other goals. Douglas Ollivant of New America finds a new bright spot in the U.S. effort. By using the Magnitsky Act, designed to counter corruption and human rights abuses, the United States is discrediting some of the country’s worst actors and thus indirectly empowering local U.S. allies.

Daniel Byman

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