Department of the Treasury - Financial Crimes Enforcement Network

On June 29, 2017, FinCEN found Bank of Dandong to be of "primary money laundering concern" for serving as a gateway for North Korea to access the U.S. and international financial systems despite U.S. and UN sanctions. As described in the Notice of Proposed Rulemaking (NPRM), Bank of Dandong acts as a conduit for North Korea to access the U.S. and international financial systems, including by facilitating millions of dollars of transactions for companies involved in North Korea's weapons of mass destruction (WMD) and ballistic missile programs.