People watch footage of North Korea's missile launch at a railway station in Seoul on Tuesday. Photo: AFP

Top Chinese banks in spotlight as US investigates how North Korea finances its nuclear programme

  • US prosecutors suspect state-owned North Korean bank used Chinese front company to export ‘hundreds of millions of dollars’ in coal and other minerals
  • China Merchants Bank, Bank of Communications and Shanghai Pudong Development Bank to face daily US$50,000 fine for failing to comply with subpoenas
Topic |   North Korea

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People watch footage of North Korea's missile launch at a railway station in Seoul on Tuesday. Photo: AFP
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