N. Korea gets frozen funds from Macau bank

Source: Associated Press

N. Korea gets frozen funds from Macau bank
Posted 22m ago

MACAU (AP) — More than $20 million in disputed North Korean
funds was transferred from a blacklisted Macau bank, an official
said Thursday, signaling a breakthrough in a dispute that has
held up the North's pledge to shut down its nuclear reactor.

It was not immediately clear where the money was sent to, but
the funds from the troubled lender, Banco Delta Asia, were
expected to be wired to the United States before being
transferred elsewhere.

"Banco Delta Asia transferred more than US$20 million out of the
bank this afternoon in accordance with the client's instruction,"
Francis Tam, Macau's secretary of economy and finance, told
reporters on the sidelines of a business gathering.

"We have heard reports in foreign media that the money can be
wired via the U.S. or Russia, for example. I think these routings
are possible," Tam added.

-snip-

Read more: http://www.usatoday.com/news/world/2007-06-14-nkorea-funds_N.htm

Who ordered the money moved, where it went, etc. N. Korea is unlikely to be impressed unless it gets the money in its own hot little hand.