Yoho Praises Treasury Department Actions to Combat N. Korea’s Evasive Behavior
Washington, D.C. – Congressman Ted S. Yoho (R-FL), Chairman of the House Foreign Affairs Subcommittee on Asia and the Pacific, released the following statement on today’s multiple actions by the Treasury Department to close the conduit for illegal funds to North Korean.
“The North Korean regime and all who do business with it must realize that the United States will be held accountable. For too long this vile regime has evaded international sanctions and UN Security Council resolutions with the help from others. The actions by the U.S. Treasury Department were appropriate, necessary, and have my full support. I applaud the administration for its decision to crack down on Chinese financial institutions that continue to provide a financial lifeline to Pyongyang.
“The Kim regime uses this money to fund its nuclear and ballistic missile program. Also, they use it for weapons used by terrorists we are trying to defeat.
“We must use every means necessary to choke off North Korea’s ability to threaten the region and the world. The House recently passed the KIMs Act, which gives the administration, even more, tools to accomplish this, but the Senate must act.”