Foreign Shareholding in Daedong Credit Bank Sold
The Board of Daedong Credit Bank is pleased to announce that the foreign shareholding in Daedong Credit Bank has been sold to a Chinese based corporate entity, the “Nice Group”. The foreign-appointed directors on the Board of Daedong Credit Bank have resigned with immediate effect, …
Daedong Credit Bank Response To UST Advisory Note Dated 18 June 2009
The Daedong Credit Bank (DCB) notes the recent publication (18th June 2009) by the United States Treasury of an advisory note entitled: North Korea Government Agencies’ and Front Companies’ Involvement in Illicit Financial Activities Daedong Credit Bank would like to take this opportunity to strongly …
Counterfeit Note Accusation Proven False
The Daedong Credit Bank (DCB) wishes to issue an urgent correction to the false stories that have recently been published by some sections of the media, concerning a deposit for cash made with its correspondent bank the Golomt Bank of Mongolia. On the 21st of …
Daedong Credit Bank Issues Anti Money Laundering Policy
Daedong Credit Bank is proud to be the first bank operating the Democratic People’s Republic of Korea (DPRK) to announce that they have a detailed set of written procedures against money laundering. Money laundering is an issue that is being taken more and more seriously …
