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1. Countering North Korean Procurement Networks Through Financial Measures: The Role of Southeast Asia

Author:
Eda Erol and Leonard Spector
Publication Date:
12-2017
Content Type:
Working Paper
Institution:
James Martin Center for Nonproliferation Studies
Abstract:
This Occasional Paper is made up of four studies intended to aid Southeast Asian governments and financial institutions in their efforts to counter the financing of weapon of mass destruction programs in North Korea and other states of concern. “Countering North Korean Procurement Networks through Financial Measures: The Role of Southeast Asia,” highlights how North Korea has exploited weak financial controls in the region to advance its nuclear and missile programs. The study reviews Security Council and Financial Action Task Force actions to combat such abuse of the international banking system, as well as the role of US sanctions. Effective implementation of these measures in Southeast Asia, the study concludes, could contribute significantly to constraining North Korea and other proliferant states. “Needed Next Steps to Strengthen Measures to Counter Proliferation Finance,” identifies gaps in international measures to combat proliferation finance, and calls on the Security Council and the Financial Action Task Force to clarify standards for national-level implementation of counter-proliferation-finance rules and to adopt improved enforcement mechanisms. The analysis urges Southeast Asian governments and financial institutions to implement existing measures with greater vigor. “Chinpo Shipping: A Singaporean Financial Agent of North Korea” details how North Korea created an off-shore de facto bank to finance its illegal activities and how Singapore’s courts addressed the first known prosecution for financing proliferation. The case underscores that greater due diligence by banks and regulatory authorities is urgently needed. Finally, “Due Diligence and the Panama Papers Episode: Lessons for Proliferation Finance,” shows how a North Korean bank, denied access to the international banking system, set up an off-shore entity to transact its business. The analysis calls for greatly strengthened enforcement efforts by offshore tax havens, closer scrutiny of clients by banks and law firms conducting international business, and greater efforts by Southeast Asian governments to block sanctions-violating front companies from accessing their banking systems.
Topic:
Law Enforcement, Illegal Trade, Procurement, and Banking
Political Geography:
Asia and North Korea

2. The Future Impact of North Korea’s Emerging Nuclear Deterrent

Author:
Leonard Spector
Publication Date:
11-2015
Content Type:
Working Paper
Institution:
James Martin Center for Nonproliferation Studies
Abstract:
The emergence of North Korea’s nuclear deterrent has been a grievous blow to international nonproliferation efforts and poses serious national security challenges for the United States and its Northeast Asian allies. It is by no means clear, however, that the precedent North Korea has set will significantly erode the nonproliferation regime or stimulate proliferation elsewhere. In a new paper (published by the US-Korea Institute at the Paul H. Nitze School of Advanced International Studies, Johns Hopkins University, on its website, 38north) CNS’s Leonard S. Spector examines the arenas in which North Korea’s new nuclear weapon status has significant negative consequences and assesses the damage that will likely be done. He concludes that the ripple effects of North Korea’s crossing the nuclear threshold may be more limited than they first appear.
Topic:
Arms Control and Proliferation, Diplomacy, Nuclear Weapons, Military Strategy, Nonproliferation, and Deterrence
Political Geography:
China, Asia, South Korea, and North Korea

3. Countering Nuclear Commodity Smuggling: A System of Systems

Author:
Leonard Spector
Publication Date:
11-2014
Content Type:
Working Paper
Institution:
James Martin Center for Nonproliferation Studies
Abstract:
A comprehensive Center for Nonproliferation Studies report calls on the United States and other concerned countries to adopt tighter controls to stem the flow of nuclear-related goods to Iran, North Korea, and other states of proliferation concern. Even modest improvements across the spectrum of today’s nuclear technology controls could greatly strengthen overall international efforts to constrain illicit nuclear procurement networks, the study found. The now available report, Countering Nuclear Commodity Smuggling: A System of Systems, was prepared by Leonard S. Spector and Egle Murauskaite. The study was supported by the US Department of Defense.
Topic:
Nuclear Weapons, Science and Technology, Nuclear Power, Nonproliferation, and Illegal Trade
Political Geography:
Iran, Middle East, Asia, and North Korea