The money from Banco Delta Asia had yet to be credited to its account.

ECONOMIST: North Korea's nuclear programme

The danger is that post the February 13th nuclear agreement, and post Banco Delta Asia, North Korea's illicit activities are downplayed.

CENTERFORSECURITYPOLICY: Rep. Royce's laudable action

The action against Banco Delta Asia created a domino effect that resulted in two dozen financial institutions restricting their dealings with North Korea.

NPR: Officially Sanctioned: A Guide to the U.S. Blacklist

Meanwhile, Banco Delta Asia has hired a law firm to persuade the Americans to remove it from their money-laundering blacklist, which in effect cuts it off from the international banking system.

ECONOMIST: They do more than gamble in Macau

In 2006 after the US imposed sanctions on Banco Delta Asia, a Macau bank that held North Korean funds, Bank of China responded in similar fashion by freezing North Korean-related assets at its Macau branch.

CNN: China reduces banking lifeline to N Korea

Ideas for new measures abound at America's Treasury Department, which realised the strength of financial sanctions in 2005, when it designated a Macau-based bank, Banco Delta Asia, as a money-laundering concern because of its banking services to dodgy North Korean individuals and firms and later cut it off from any dealing with American banks.

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