NORTH KOREAN ‘SLUSH FUND’ FINANCED BY INDIVIDUALS WITH WESTERN TIES

On 13 January, Kharon published an article which claimed that a North Korean foundation reported to be a slush fund for the leadership in Pyongyang is financed by individuals with extensive commercial ties to Western companies.  The Kim Il Sung-Kim Jong Il Foundation, located in Pyongyang, collects funds intended for the “peace and progress of humankind true to the instructions of the great leaders,” according to its website.  It raises funds by encouraging donations and recruiting members, charging an admission fee and a yearly membership fee for individuals or organisations.  It is said that several members of the foundation’s leadership are owners or directors of companies located in countries all over the world.  

https://brief.kharon.com/updates/north-korean-slush-fund-financed-by-individuals-with-western-ties

If you would like to make a (polite) gesture and make a (very) modest contribution to my ongoing with my relocation, removal and computer costs, I have a page 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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