U.S. claims about Macau bank questioned (McClatchy)

[Eugene]

Friday, March 2, 2007 - Page updated at 01:56 AM

U.S. claims about Macau bank questioned

By Jonathan S. Landay and Kevin G. Hall

McClatchy Newspapers

WASHINGTON — President Bush said in 2002 that North Korea was making highly enriched
uranium for nuclear weapons when there was no intelligence it was doing so. Now, there
are new questions about the administration's assertions that a bank in Macau knowingly
laundered proceeds from North Korean narcotics trafficking, cigarette smuggling and
counterfeit U.S. currency.

An audit of the Banco Delta Asia's finances by accounting firm Ernst & Young found no
evidence that the bank had facilitated North Korean money-laundering, either by
circulating counterfeit U.S. bank notes or by knowingly sheltering illicit earnings of
the North Korean government.

In a filing submitted to the Treasury Department in October, Heller Ehrman, the bank's
New York law firm, reported that an audit by the government of Macau also found no
evidence of money-laundering.

The Treasury Department refused to discuss the findings of either audit, as did the
government of Macau and Ernst & Young.

-snip-

Full article: http://seattletimes.nwsource.com/html/nationworld/2003596572_nkorea02.html

[madrchsod]

1. wow -there is not one thing these guys will not lie about

i`m sure the world will breathe a sigh of relief when adults in the usa will run things again

[Demeter]

2. Assuming There ARE Any Adults Left in America