The United States has known that it has a powerful weapon that it can use to bring pressure on North Korea: placing sanctions on the Chinese banks that launder North Korea’s currency. Now a congressman is drafting legislation to do this.
Rep. Ted Yoho (R-Fla.) told the Washington Examiner that he proposes legislation that will force the administration to hold banks accountable for violating U.S. law by aiding North Korea. His effort is in its preliminary stages; he has met recently with the State Department and the House Committee on Financial Services about drafting his bill.
