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![The US has been investigating Banco Delta Asia for 18 months [EPA] The US has been investigating Banco Delta Asia for 18 months [EPA]](http://mwcnews.net/images/stories/Economy/6/Korea-linked-bank.jpg) | | The US has been investigating Banco Delta Asia for 18 months [EPA] | The US has moved to formally bar American banks from doing business with a Macau bank handling North Korean assets, a US official has said.
"We plan to finalise the rule on BDA this week, most likely Wednesday or Thursday," the official told Reuters on condition on anonymity. "Finalising the rule means that US banks can no longer open or maintain correspondent accounts for or on behalf of BDA," he said. The decision is expected to free the Macau authorities to consider releasing millions of dollars in frozen accounts, other US officials said. For more than a year, Pyongyang boycotted six-party talks for nuclear disarmament after Macau regulators froze $24 million in its accounts in the Banco Delta Asia. For the past 18 months, the US treasury department has been investigating the institution on charges that it had been accepting proceeds from the North's counterfeiting, drug-smuggling and money-laundering activities for years. Last month, Pyongyang agreed to take the first step towards dismantling its weapons programme by shutting down the main reactor and re-admitting UN nuclear inspectors. In return, it has been promised economic aid and political concessions. But South Korea says the North has shown no signs of closing its nuclear complex, the source of its weapons-grade plutonium, since the pact was sealed in Beijing among six nations. Song Min-soon, South Korea's foreign minister, said on Thursday: "There is no indication of a change in the operational condition of Yongbyon." Some US officials earlier this week said they saw signs that North Korea was moving towards closing its nuclear complex but others thought it was still too early to tell.
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Tags: American banks Macau bank N Korea-linked bank
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