Money | China China to Major N. Korean Bank: Account Closed US says Foreign Trade Bank of NK helped fund country's nuke program By Matt Cantor Posted May 7, 2013 10:25 AM CDT Copied In this Wednesday, April 10, 2013 photo, North Korean soldiers chat as they stand guard on the river bank of the North Korean town of Sinuiju, opposite the Chinese border city of Dandong. (AP Photo) North Korea may be feeling a little more squeezed today, at the hands of China: The Bank of China has closed the account of a top North Korean bank, this after the US had in March effectively blocked the Foreign Trade Bank of North Korea's access to the US financial system. The US maintains that the bank has helped fund Pyongyang weapons programs, and Washington had warned other nations that the bank poses a threat. The Wall Street Journal observes that since the Bank of China is government-owned, the move was likely OKed by top officials. Read These Next Colbert tells audience it's curtains for his Late Show. Rare cancer claims a former Super Bowl champ. This is why you don't wear metal in MRI rooms. You're well-known, out with your mistress, and busted on Kiss Cam. Report an error