THE DPRK, THE UNCONTESTED MASTER OF AML CONTROL EVASION

With its history of currency counterfeiting, drug trafficking, proliferation of weapons of mass destruction (WMD) and the laundering of related proceeds and payments, there is surely no state worldwide that has a worse money laundering track record than that of the Democratic People’s Republic of Korea (DPRK, North Korea). Having been for several decades the target of international sanctions, ever since the Korean War in the 1950s, the DPRK has developed highly sophisticated networks and techniques of evasion, using a broad spectrum of tools, from front ...


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