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Thursday, February 26, 2015

UN: North Korean company renames ships to evade sanctions
A North Korean shipping company that famously tried to hide banned fighter jets under a cargo of sugar has tried to evade ensuing U.N. sanctions by renaming most of its vessels in an attempt to obscure their origins, a new report says.
The effort by Pyongyang-headquartered Ocean Maritime Management Company, Ltd. is detailed in the report by a panel of experts that monitors sanctions on North Korea. The report, obtained by The Associated Press, makes clear the challenge of keeping banned arms and luxury goods from a nuclear-armed country with a history of using front companies to duck detection.


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