NKorea says work to transfer bank funds under way

0 Comments | AFP, May, 2007

SEOUL (AFP) — North Korea said Tuesday that work is under way to settle a banking row which has blocked international efforts to prevent it making nuclear weapons, raising hopes of progress after months of delay.

A foreign ministry spokesman promised to start shutting down atomic plants under UN supervision as soon as millions of dollars in cash frozen overseas under US-inspired sanctions is successfully transferred.

"Work is currently under way to transfer our funds at Banco Delta Asia (BDA) in Macau to our bank accounts at a third country," said the spokesman quoted by the official (North) Korean Central News Agency.

"When the funds are transferred we are willing to take measures for suspending the operations at the nuclear facilities right away, according...