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Beijing orders banks to close accounts for North Koreans

Beijing orders banks to close accounts for North Koreans | 09 Sept 2017 | Chinese banks have reportedly banned North Koreans living in China from opening up new accounts, and have ordered existing accounts to be closed. "The Chinese authorities have made no distinction between North Korean consular officials, laborers, or traders; all are banned from opening accounts," a local source reported to Daily NK. According to the source, the new order applies to the four major state banks, as well as the Construction Bank of China, and regional private banks such as Pudong Bank.