North Korea Enacts Law Against Money Laundering;Intelligence Agency Says Pyongyang Has Highly Enriched Uranium Program

Korea Times Feb 21, 2007 North Korea Enacts Law Against Money LaunderingIntelligence Agency Says Pyongyang Has Highly Enriched Uranium Program By Park Song-wuStaff Reporter The National Intelligence Service (NIS) on Tuesday confirmed that North Korea recently enacted a law that prohibits money laundering. The standing committee of the North’s Supreme People’s Assembly adopted the legislation last October to ban financial transactions involving illegal earnings, the agency said in a press release. The enactment apparently aimed at settling the U.S. financial sanctions on a bank in Macau that was blacklisted by Washington in September 2005 for its suspicious role in helping the North conduct illicit financial activities, it said. Under the latest six-party agreement, reached on Feb. 13, the United States is to resolve financial sanctions within 30 days on North Korean assets worth $24 million that have been frozen in the Macau bank. The NIS also confirmed that the North

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Go for 2-Term Presidency

Appeared in Korea Times on 01-31-2007 Dear Prof. Sean Hayes: An issue that has suddenly been proposed by President Roh Moohyun is the amendment of the Constitution to give the future president a four-year one-time renewable term and also to align the presidential election with the National Assembly elections. Currently, the president has a five-year non-renewable term and the presidential election is not held on the same date as the National Assembly elections, since Assemblypersons have four-year terms. Is Roh’s proposal worth trying? Proud Korean citizen Dear Proud: The system of two four-year renewable terms was proposed to lessen the cost of elections by aligning the dates of elections; to keep government policy consistent by allowing presidents the possibility of an eight-year term; to help eliminate the present system’s lameduck year; and for a variety of other reasons. Whether it is a good idea or not may depend on your

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