US judge finds three Chinese banks in contempt
The banks did not comply with subpoenas in a probe into North Korean sanctions violations, and may lose access to the US financial system
25 June 2019 - 16:23
Bengaluru/Singapore/Beijing — A US judge has found three large Chinese banks in contempt for refusing to comply with subpoenas in a probe into North Korean sanctions violations, the Washington Post has reported, adding that one of them could lose access to the US financial system.
The banks were not identified by the judge, but details in the ruling align with a 2017 civil forfeiture action against Bank of Communications, China Merchants Bank and Shanghai Pudong Development Bank, the newspaper reported...
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