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 BEIJING (AP) - The United States and North Korea resolved a dispute over $25 million in frozen North Korean funds in a Macau bank that threatened to hold up nuclear disarmament negotiations, a top U.S. official said Monday.
Deputy Assistant Treasury Secretary Daniel Glaser said the funds would be transferred to a Bank of China account in Beijing to be used for education and humanitarian purposes in North Korea.
The North Korean deposits have been frozen in the Banco Delta Asia since Washington blacklisted the small, privately run Macau-based bank 19 months ago on suspicion the funds were connected to money-laundering or counterfeiting.
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