WASHINGTON - The United States will soon recommend releasing a significant amount of frozen North Korean bank accounts, officials say, which diplomats hope will keep North Korea from reneging on its pledge to scrap nuclear weapons.
The Treasury Department could announce as soon as next week that several million dollars connected to North Korea are not tainted by links to rogue nuclear proliferation or allegations of counterfeiting, smuggling and other crimes.
The U.S. move is expected to prompt overseas bank regulators to unfreeze between $8 million and $12 million from about $24 million in blocked assets, one official said.
Treasury and State Department …
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