N. Korea lambasts money-laundering watchdog over renewed 'high-risk' label
North Korea on Friday denounced the intergovernmental anti-money laundering body for keeping Pyongyang on its blacklist, claiming the agency serves the United States' hostile policy toward it. At a meeting in Paris in late October, the Financial Action Task Force (FATF) decided to keep the North on its list of a "high-risk jurisdiction subject to a call for action." The designation applies to countries with serious failings in preventing money laundering, terrorist financing and weapons proliferation. "The Foreign Ministry of the DPRK expresses strong displeasure" over the FATF's practice of "encroaching upon the dignity, rights and interests of a sovereign state," a ministry spokesperson said in a statement carried by the Korean Central News Agency (KCNA). DPRK stands for the Democratic People's Republic of Korea, the North's official name. "'Money laundering,' 'financing of terrorism,' 'drug trafficking' and 'counterfeiting' have nothing to do with the DPRK," the official said. "The FATF has turned into a conspiracy group and an extremely politicized organization serving the U.S. hostile
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