Panama Papers Reveal North Korea's Off-Shore Companies

The Guardian: British banker set up firm ‘used by North Korea to sell weapons’

Nigel Cowie’s front company also allegedly helped regime expand nuclear programme, Panama Papers show

A British banker who spent two decades living in communist North Korea set up a secret offshore finance company allegedly used by the Pyongyang regime to help sell arms and expand its nuclear weapons programme.

Nigel Cowie – a fluent Korean and Chinese speaker, who studied at Edinburgh University – was behind a Pyongyang front company, DCB Finance Limited, registered in the British Virgin Islands, papers show.

He says DCB Finance was used for legitimate business and that he was unaware of any unlawful transactions.

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Update #1: Panama Papers: Mossack Fonseca 'helped firm with links to North Korea’s nuclear weapons programme' (The Independent)
Update #2: Panama Papers include entities with North Korea ties (UPI)

WNU Editor: Mossack Fonseca had to know that these off-shore companies had connections to North Korea ... but instead to choose to ignore all the warning signs. This is not going to be pretty.