•   
  •   

Money Australia probes company tied to illicit North Korea coal sale - U.N.

08:17  09 march  2018
08:17  09 march  2018 Source:   reuters.com

Katter look for support to split Qld

  Katter look for support to split Qld Katter's Australian Party is calling for all north Queensland politicians to support a study into the viability of the region becoming its own state.The minor party is writing to the MPs to sign its North Queensland Agreement, which calls for a feasibility study to be carried out into whether splitting the state would be economically possible.

By Michelle Nichols and Byron Kaye. UNITEDNATIONS/SYDNEY (Reuters) – Australian authorities are investigating a Sydney-based property company accused of breaching United Nations sanctions on North Korea by brokering an illicit sale of coal

UNITED NATIONS/SYDNEY (Reuters) - Australian authorities are investigating a Sydney-based property company accused of breaching United Nations sanctions on North Korea by brokering an illicit sale of coal , according to a confidential U . N . report seen by Reuters.

a crane next to a train: A cargo ship is loaded with coal during the opening ceremony of a new dock at the North Korean port of Rajin© REUTERS/Yuri Maltsev/File Photo A cargo ship is loaded with coal during the opening ceremony of a new dock at the North Korean port of Rajin Australian authorities are investigating a Sydney-based property company accused of breaching United Nations sanctions on North Korea by brokering an illicit sale of coal, according to a confidential U.N. report seen by Reuters.

Independent U.N. experts monitoring the implementation of sanctions accused Brigt Australia and its director, Livia Wang, of falsely stating that the shipment of coal had come from Russia when it had originated in North Korea, which has been subject to a U.N. Security Council ban on coal exports since Aug. 5, 2017.

North Korea may ditch its nukes and the Australian dollar is rallying

  North Korea may ditch its nukes and the Australian dollar is rallying The Australian dollar surged overnight on news that North Korea may abandon its nuclear programme RBA governor Philip Lowe will speak in Sydney today before the release of Australia's GDP reportThat pretty much sums up Tuesday's trading session with the AUD/USD jumping back above the 78 cent level on a perceived reduction in geopolitical risks.

UNITED NATIONS/SYDNEY (Reuters) - Australian authorities are investigating a Sydney-based property company accused of breaching United Nations sanctions on North Korea by brokering an illicit sale of coal , according to a confidential U . N . report seen by Reuters.

UNITED NATIONS/SYDNEY, March 8 (Reuters) - Australian authorities are investigating a Sydney-based property company accused of breaching United Nations sanctions on North Korea by brokering an illicit sale of coal , according to a confidential U . N . report seen by Reuters.

Brigt Australia and Wang, which now trade in race horses, did not immediately respond to Reuters requests for comment.

The case against a company with no apparent experience in trading coal illustrates how U.N. experts say North Korea is using a network of foreign traders and front companies to evade tough international sanctions aimed at choking off funding for Pyongyang's nuclear and ballistic missile programs.

It is also unusual for a company in Australia - a close U.S. ally - to be linked to North Korea trade. When Australian police arrested a man in December accused of trying to sell missile parts and coal for North Korea, it was described as a case "like nothing we have ever seen on Australian soil."

The U.N. experts said in their annual report to the Security Council North Korea sanctions committee, which is due to be published this month, that the $770,250 coal shipment that Brigt Australia is accused of brokering "would constitute a violation of the resolutions, if confirmed."

Trump Hails `Great Progress' With Plan to Meet Kim Jong Un

  Trump Hails `Great Progress' With Plan to Meet Kim Jong Un U.S. President Donald Trump hailed “great progress” in talks with North Korea after agreeing to meet Kim Jong Un in what would be an unprecedented summit. “Kim Jong Un talked about denuclearization with the South Korean Representatives, not just a freeze,” Trump said on Twitter late Thursday in Washington. “Also, no missile testing by North Korea during this period of time. Great progress being made but sanctions will remain until an agreement is reached. Meeting being planned!”White House spokeswoman Sarah Huckabee Sanders said earlier the meeting would occur at “a place and time to be determined.

UNITED NATIONS/SYDNEY (Reuters) - Australian authorities are investigating a Sydney-based property company accused of breaching United Nations sanctions on North Korea by brokering an illicit sale of coal , according to a confidential U . N . report seen by Reuters.

South Korea is examining nine cases in which coal from North Korea disguised as Russian products was possibly brought in, Seoul's foreign ministry and customs officials said. They declined to detail the number of ships or identify the companies involved

The Australian Federal Police, which probes breaches of U.N. sanctions, said it would not comment on investigations.

Long sought by North Korea, summit holds risks for Trump administration

  Long sought by North Korea, summit holds risks for Trump administration Analysts fear Trump's understaffed administration may lack the expertise to successfully turn a political spectacle long sought by Pyongyang into a meaningful opportunity to convince North Korea to abandon its nuclear programme. South Korean officials said Friday Trump almost immediately agreed to meet North Korean leader Kim Jong Un, without preconditions, by the end of May. Even proponents of a diplomatic approach towards North Korea worry the administration could be rushing into a summit with little time to prepare.

South Korea is examining nine cases in which coal from North Korea disguised as Russian products was possibly brought in, Seoul’s foreign ministry and customs officials said. They declined to detail the number of ships or identify the companies involved

South Korea is examining nine cases in which coal from North Korea disguised as Russian products was The Rodong Sinmun accused Washington of "acting opposite" to its plan to improve ties , despite goodwill 5. U .S. Congress passes bill forcing tech companies to disclose foreign software probes .

'LEGIT IN THE HORSE WORLD'

The U.N. experts have reported that North Korea violated sanctions to earn nearly $200 million in 2017 from banned commodity exports, with many coal shipments using paperwork showing a false origin.

One page of a Sept. 15 contract, annexed to the U.N. experts report, is stamped with a Brigt Australia seal that includes the company's Australian business registration number. A separate invoice, dated Sept. 25, lists the shipment as 11,850 tonnes of coal that was loaded at Nakhodka, Russia.

The invoice, stamped by Brigt Australia, says the coal was loaded on to the Panama-flagged vessel Hua Fu and destined for Vietnam's Cam Pha port. However, the U.N. experts said: "Russia confirmed no port call."

The United States has asked the Security Council North Korea sanctions committee to blacklist the Hua Fu, subjecting it to a global port ban and de-flagging. Washington told the committee the Hua Fu loaded coal at North Korea's Najin port on Sept. 24.

According to documents filed with the Australian Securities and Investment Commission, Chinese-born Wang, 35, has been the director and secretary of Brigt Australia since April 2016.

A Brigt Australia website describes the company as "experienced in property investment." Reuters visited the company's Sydney office in an effort to seek comment.

An office administrator told Reuters the company's primary business was race horses.

Race horse agent James Bester said Brigt had become a top Australian trader of young horses in the past two years.

"I know nothing about them other than they are perfectly legit in the horse world and are indeed very good payers, pay bills 100 percent on time," said Bester, who helps the company buy and resell young horses.

China, Russia welcome Korean peace efforts with diplomacy in overdrive .
<p>China's President Xi Jinping offered encouragement for South Korea's initiative to nurture peaceful engagement with North Korea, and Russia also expressed support, the South Korean official leading diplomatic efforts said on Thursday.</p>During the past week, National Security Office head Chung Eui-yong briefed officials in Beijing and Moscow following his dramatic success in arranging summits between the North Korean, South Korean and U.S. leaders.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!