Source:
Associated PressMacau prepared to unblock NKorea fundsBy SCOTT McDONALD, Associated Press Writer
25 minutes ago
BEIJING - Macau authorities are prepared to unblock frozen North Korean funds,
the U.S. Treasury Department said Tuesday, possibly paving the way for a
breakthrough in an agreement to dismantle Pyongyang's nuclear program.
But Macau's Monetary Authority said it has not received instructions to release
the money. A call to a spokesman of the Banco Delta Asia, the bank where the
funds are being held, was not immediately returned Tuesday. The lender had been
blacklisted by Washington for allegedly helping the North launder money and its
North Korean accounts were frozen.
-snip-"The United States understands that the Macau authorities are prepared to
unblock all North Korean-related accounts currently frozen in Banco Delta Asia,"
the Treasury Department said in a statement. "The United States would support
a decision by the Macau authorities to unblock the accounts in question."
The statement, released over e-mail before dawn Tuesday, did not give any other
details. It comes ahead of a Saturday deadline by which North Korea was to take
initial steps toward dismantling its nuclear program, including closing its main
nuclear reactor, in exchange for the aid.
-snip-Read more:
http://news.yahoo.com/s/ap/20070410/ap_on_re_as/nkorea_nuclear