U.S. quietly planning sanctions against banks enabling North Korean proliferation
The Obama administration's point man on sanctions, Robert Einhorn, is travelling throughout Asia as part of a plan announced by the State Department to impose a new set of economic sanctions against North Korea over the sinking of the South Korean warship Cheonan.
Intelligence sources said the sanctions are being worked by Einhorn and Stuart Levey, the Treasury Department official who was behind the Macao-based Banco Delta Asia sanctions several years ago that froze North Korean funds over Pyongyang’s illicit nuclear activities.