Today, the Department of State sanctioned North Korea’s “Namchongang Trading Corporation”:http://www.state.gov/r/pa/prs/ps/2009/06a/125505.htm — an importer of aluminum tubes, it seems — while the Department of Treasury sanctioned a North Korean front company, “Hong Kong Electronics”:http://www.treasury.gov/press/releases/tg191.htm. Reading not very deeply between the lines of the Treasury press release, HKE funnels cash for Iranian missile purchases back to North Korea:
bq. Since 2007, Hong Kong Electronics has transferred millions of dollars of proliferation-related funds on behalf of Tanchon and KOMID. Hong Kong Electronics has also facilitated the movement of money from Iran to North Korea on behalf of KOMID. Tanchon, a commercial bank based in Pyongyang, North Korea, is the financial arm for KOMID – North Korea’s premier arms dealer and main exporter of goods and equipment related to ballistic missiles and conventional weapons.
What’s interesting about HKE is where it’s located: Kish Island, Iran. What, “Dubai wasn’t available”:http://www.jafza.ae/en/?
Kish Island also happens to be where American private investigator “Bob Levinson”:http://helpboblevinson.spaces.live.com/ was disappeared in 2007.