North Korean banks kicked out of Swift
Swift, based in Brussels, said on Wednesday that Belgian regulators would not allow it to provide services to banks that are subject to UN sanctions.
“As a result, Swift suspended access of UN-designated North Korean entities to the Swift financial messaging service,” it said in a statement.
The ban came just days after North Korea fired four ballistic missiles into the Sea of Japan, and a week after the UN issued a lengthy report on how the country has flouted financial sanctions and maintained ties to international finance.
Read more at the Financial Times