27 Sep 2016
The United States Justice Department has filed criminal charges against a Chinese executive, accusing her, the company she owns and several of her colleagues of violating American sanctions meant to choke off funding to North Korean companies that help Pyongyang develop nuclear weapons.
Ma Xiaohong, 44, is the owner of Dandong Hongxiang Industrial Development Company, a trading company that in one year, according to United States officials, handled more than one-fifth of the commerce between North Korea and China. She and her colleagues worked with Kwangson Banking, a North Korean bank that has been the subject of American sanctions for years, to set up shell companies in Hong Kong and offshore tax havens to disguise the activity, the Justice Department said in a statement released Monday.
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