Golden Star Bank Explained
The Golden Star Bank was North Korea (DPRK)'s last bank in Europe.[1]
History
It was established in 1982, located in Vienna, Austria, and owned by Taesong Bank.[2] In 2003, the Austrian Interior Ministry released a report that claimed that the bank was engaging in espionage, "money-laundering, the distribution of forged currency and illegal trade with radioactive substances."[3] [4] The bank was closed in June 2004 amid suspicions of money laundering and the funding of North Korean arms, although there was not enough evidence to start a criminal trial.[1]
See also
Notes and References
- News: N Korea's only bank in Europe to close . . . 2004-04-01 . 2012-04-17.
- Web site: North Korea's golden path to security . https://web.archive.org/web/20070121002631/http://www.atimes.com/atimes/Korea/IA18Dg02.html . unfit . 2007-01-21 . Bertil . Lintner . 2007-01-18 . . 2 . 2012-04-17.
- Book: Nuclear Black Markets: Pakistan, A.Q. Khan and the rise of proliferation networks . Mark . Fitzpatrick . 2007 . . London . 978-0-86079-201-7 . 56 . 2012-04-18 . 2012-04-19 . https://web.archive.org/web/20120419115519/http://www.iiss.org/publications/strategic-dossiers/nbm/nuclear-black-market-dossier-a-net-assesment/nuclear-black-markets-other-countries-and-ne/ . dead .
- Web site: Austria accuses North Korean bank of spying . Michael . Leidig . 2003-07-23 . . 2012-04-17.
