US CHARGES 4 EXECUTIVES OF CHINESE COMPANY WITH EVADING NORTH KOREA SANCTIONS AND ‘TRADING WITH WMD PROLIFERATORS’

In its 24th July edition, the South China Morning Post reported that it is alleged that the owner and employees of Dandong Hongxiang Industrial Development Co used more than 20 front companies to hide their financial dealings.  4 Chinese nationals and the Chinese company they worked for have been indicted on charges of money laundering and violating WMD safeguards, under an indictment handed down in Newark.  Those charged are Ma Xiaohong, the owner of Dandong Hongxiang Industrial Development Co Ltd; the company’s general manager, Zhou Jianshu; its deputy general manager, Hong Jinhua; and its financial manager, Luo Chuanxu.

https://www.scmp.com/print/news/china/diplomacy/article/3019834/us-charges-4-executives-chinese-company-evading-north-korea

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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