North Korea says committed to fighting money laundering, terror financing

January 16, 2015 8:30 AM

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North Korea says committed to fighting money laundering, terror financing

SEOUL (Reuters) - North Korea said on Friday it was committed to fighting money laundering and financing of terrorism, two weeks after being slapped with more U.S. sanctions in the wake of a cyberattack on Sony Pictures which Washington blamed on Pyongyang.

North Korea has been accused for decades of earning money from illicit drugs, arms deals and financial scams that include counterfeiting high-quality U.S. $100 notes, and has grown increasingly expert at hiding the money trail, officials said.

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