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Most of its personnel have relocated to Zhuhai, just across the border in China appropriate, business enterprise sources right here say. In February, Macao’s banking regulators froze $25 million worth of North Korean accounts in the Banco Delta Asia, a bank the U.S. Treasury Division had accused in September of helping the North Korean government launder revenue and distribute counterfeit U.S. currency. Banks right here handled millions of dollars on behalf of North Korea’s isolated communist government, which has been lengthy accused by the United States of promoting illegal drugs to raise hard currency. The nation’s founder, Kim Il Sung, and his son, present leader Kim Jong Il, allegedly kept their ill-gotten gains in Macao. And a North Korean terrorist confessed to plotting the 1987 bombing of a South Korean airliner from a hotel right here overlooking the South China Sea.
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