Money | China China to Major N. Korean Bank: Account Closed US says Foreign Trade Bank of NK helped fund country's nuke program By Matt Cantor Posted May 7, 2013 10:25 AM CDT Copied In this Wednesday, April 10, 2013 photo, North Korean soldiers chat as they stand guard on the river bank of the North Korean town of Sinuiju, opposite the Chinese border city of Dandong. (AP Photo) North Korea may be feeling a little more squeezed today, at the hands of China: The Bank of China has closed the account of a top North Korean bank, this after the US had in March effectively blocked the Foreign Trade Bank of North Korea's access to the US financial system. The US maintains that the bank has helped fund Pyongyang weapons programs, and Washington had warned other nations that the bank poses a threat. The Wall Street Journal observes that since the Bank of China is government-owned, the move was likely OKed by top officials. Read These Next He went to kill a Cape buffalo. Instead, it killed him. 5 soldiers shot at largest Army installation east of the Mississippi. He shot a couple dead in early June, has yet to be caught. JD Vance in hot water over birthday boating trip. Report an error