Awwal 15, 1432 / April 19, 2011, SPA -- The U.S. Treasury on Tuesday imposed sanctions on North Korea's Bank of East Land for facilitating transactions with a blacklisted North Korean arms maker and exporter, Reuters reported. The Treasury said the action was taken under an August 2010 White House executive order that aims to thwart North Korea's arms trade, its imports of luxury goods, its counterfeiting of U.S. currency, narcotics trafficking and money laundering. The move seeks to freeze any Bank of East Land assets that may be under U.S. jurisdiction and bans U.S. entities from any transactions with the institution, also known as Dongbang Bank. -- SPA
