Daedong Credit Bank Explained

Daedong Credit Bank should not be confused with Daesong Bank.

Daedong Credit Bank
Native Name:	대동신용은행
Predecessors:	-->
Successors:	-->
Founders:	-->
Hq Location City:	Pyongyang
Hq Location Country:	North Korea
Areas Served:	-->
Profit:	-->
Profit Year:	-->
Owners:	-->

Daedong Credit Bank (DCB) is a North Korean bank, established in 1995, and based in the country's capital, Pyongyang.^[1]

DCB has been on the US Treasury sanctions list since June 2013, for "its role in supporting Pyongyang's weapons of mass destruction program".^{[2] [3] [4]} Also sanctioned were DCB Financial Limited, and its representative, Kim Chol-sam, and Son Mun San, the external affairs bureau chief of North Korea's Bureau of Atomic Energy.^[3]

See also

• North Korea's illicit activities

Notes and References

1. Web site: Daedong Credit Bank. Phoenix Commercial Ventures Ltd. 22 April 2016.
2. Web site: North Korean Economy Watch. North Korean Economy Watch. 22 April 2016.
3. Web site: U.S. sanctions North Korea bank as it targets weapons program. Paige Gance. 27 June 2013. Reuters. 22 April 2016.
4. Web site: Treasury Sanctions Bank, Front Company, and Official Linked to North Korean Weapons of Mass Destruction Programs. treasury.gov. 22 April 2016.