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North Korea cut off from SWIFT due to UN sanctions

Северную Корею отключили от SWIFT из-за санкций ООНThe Belgian authorities withdrew the permit issued by SWIFT for service on North Korean banks.

The international interbank system of information transfer and Commission of payments of SWIFT reported that he had suspended work with North Korean banks, which were imposed UN sanctions. This happened after the adoption of several decisions by the authorities of Belgium, where SWIFT is based.

It is reported that the Belgian authorities have approved a number of measures in response to the aggressive militaristic behavior of the DPRK and the recent discussion in this regard in the UN security Council.

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Also, it is noted that SWIFT did not specify what kind of services and what exactly the North Korean banks off.

We will remind, the UN security Council condemned the missile tests of the DPRK. The meeting unanimously approved the resolution, which States that the UN may resort to “further significant measures”.

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