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U.S. appeals court upholds ruling against Chinese banks in N.Korea sanctions probe

U.S. appeals court upholds ruling against Chinese banks in N.Korea sanctions probeA U.S. appeals court said on Tuesday it had upheld a ruling by a U.S. judge who held three large Chinese banks in contempt for refusing to comply with subpoenas in a probe into violations of sanctions on North Korea, opening the way for heavy daily fines. In a ruling in May, Beryl Howell, Washington D.C.'s chief federal district judge, held the banks in contempt for refusing to comply with U.S. investigators' demands that they hand over records connected to the alleged movement of tens of millions of dollars in violation of international sanctions on North Korea.




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