Posted: 27 Apr 2008 11:28 PM CDT
Wachovia’s correspondent banking arrangement with MBF Bank http://www.chips.org/uid/uid_display.php?UidNum=401217 for evidence of correspondent relationship), which is majority owned by MBF Holdings Bhd of should be of equal if not greater concern( see
The reason :Apart from its branches in www.myanmars.net/yellowpages/yangon-bank.htm) and the other, in ., MBF Bank has 2 branches overseas; one in ,(see
The Pyongyang branch came to public attention in 1995 when
INDUSTRY SOURCE” SAYS MASTERCARD, VISA CARDS USED IN NORTH.
Text of report by the South Korean news agency Yonhap
, : International credit cards have been in use in the North Korean capital city of since 1991, industry sources said Saturday [ ].
Foreigners visitingare able to pay for goods and services at hotels and department stores in Pyongyang using their credit cards instead of cash, officials of Seoul branch offices of and Visa card companies said.
An official of
(Source:7 June 1995
BBC Monitoring Service: Asia-Pacific