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US sanctions Chinese firm tied to North Korea's nuclear programme

Justice Dept seeking forfeiture of all funds held in 25 bank accounts associated with DHID and its front companies

Published Tue, Sep 27, 2016 · 09:50 PM

Washington

THE United States said on Monday that it had sanctioned a Chinese industrial machinery and equipment wholesaler, a new step in tightening the financial noose around North Korea's nuclear programme after its fifth nuclear test this month.

The US Treasury said that it was sanctioning Dandong Hongxiang Industrial Development Co (DHID) and four of its executives, including the firm's founder, Ma Xiaohong, under US regulations targeting proliferators of weapons of mass destruction.

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