Wednesday, June 13, 2007
Possible good news - movement on the Banco Delta Asia matter ?
The Korea Herald on June 14 said "A resolution to Banco Delta Asia dispute seems within sight with Russia agreeing to the U.S. request for a private Russian bank to accept North Korean funds being held at the Macau bank ....
Pyongyang should take note that dragging its feet on the denuclearization process will only further isolate the country. It should take prompt action to dismantle the Yongbyon nuclear reactor once it receives the $25 million. South Korea, Russia, China and the United States have done everything to meet the North Korean demand on the banking dispute. It is now incumbent upon North Korea to promptly demonstrate its commitment to the denuclearization process."
BBC have also got an amusing article covering a Mr. Joe Wong of the bank. And I have to say that a billion dollars worth of money laundering a year, which the BBC speak of, sounds a lot.
IMO: Funny place, Macao, and it apparently lives off gambling, mainly Chinese now. I liked it in the old days though, nice for countryside walks and the sacred cows seemed to be well tolerated. $25 million does not seem too much to pay to be rid of a nuclear menace but as I hear it, US consumer payments for rubbish like dud Viagra and such things still mar the reputation of Banco Delta Asia (a small establishment in world terms).
Pyongyang should take note that dragging its feet on the denuclearization process will only further isolate the country. It should take prompt action to dismantle the Yongbyon nuclear reactor once it receives the $25 million. South Korea, Russia, China and the United States have done everything to meet the North Korean demand on the banking dispute. It is now incumbent upon North Korea to promptly demonstrate its commitment to the denuclearization process."
BBC have also got an amusing article covering a Mr. Joe Wong of the bank. And I have to say that a billion dollars worth of money laundering a year, which the BBC speak of, sounds a lot.
IMO: Funny place, Macao, and it apparently lives off gambling, mainly Chinese now. I liked it in the old days though, nice for countryside walks and the sacred cows seemed to be well tolerated. $25 million does not seem too much to pay to be rid of a nuclear menace but as I hear it, US consumer payments for rubbish like dud Viagra and such things still mar the reputation of Banco Delta Asia (a small establishment in world terms).
# posted by uv : 7:28 PM
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