Golden Star Bank

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The Golden Star Bank was North Korea (DPRK)'s last bank in Europe. [1]

Contents

History

It was established in 1982, located in Vienna, Austria, and owned by Taesong Bank. [2] In 2003, the Austrian Interior Ministry released a report that claimed that the bank was engaging in espionage, "money-laundering, the distribution of forged currency and illegal trade with radioactive substances." [3] [4] The bank was closed in June 2004 amid suspicions of money laundering and the funding of North Korean arms, although there was not enough evidence to start a criminal trial. [1]

See also

References

  1. 1 2 "N Korea's only bank in Europe to close". The Sydney Morning Herald . AAP. 2004-04-01. Retrieved 2012-04-17.
  2. ↑ Lintner, Bertil (2007-01-18). "North Korea's golden path to security". Asia Times Online . p. 2. Archived from the original on 2007-01-21. Retrieved 2012-04-17.
  3. ↑ Fitzpatrick, Mark, ed. (2007). Nuclear Black Markets: Pakistan, A.Q. Khan and the rise of proliferation networks. London: International Institute for Strategic Studies. p. 56. ISBN   978-0-86079-201-7. Archived from the original on 2012-04-19. Retrieved 2012-04-18.
  4. ↑ Leidig, Michael (2003-07-23). "Austria accuses North Korean bank of spying". The Daily Telegraph . Retrieved 2012-04-17.

48°11′51″N16°20′29″E / 48.19750°N 16.34139°E / 48.19750; 16.34139

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