June 18, 2009 / 5:22 PM / 10 years ago

U.S. Treasury warns on North Korea cash transactions

North Korean soldiers participate in the Pyongyang City People's Rally, held to denounce the U.S - led U.N. punishment toward North Korea, at the Kim Il Sung Plaza in Pyongyang June 15, 2009 in this picture released by North Korea's KCNA news agency. The sign reads,"Let's defend to the last with our lives the revolutionary topside led by great comrade Kim Jong-il!". REUTERS/KCNA

WASHINGTON (Reuters) - The U.S. Treasury Department on Thursday warned banks that North Korea may increasingly try to use cash transactions to evade U.N. sanctions aimed at cutting off financing to its nuclear program.

The Treasury said in an advisory that financial institutions should apply tough scrutiny to transactions that may involve accounts related to North Korean banks and other individuals acting on behalf of North Korean entities.

Reporting by David Lawder; Editing by James Dalgleish

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