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North Korean House of Cards

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on debt settlement issues with Russia. At the 3rd Session <strong>of</strong> the 13th<br />

SPA in April 2015, he was appointed Minister <strong>of</strong> Finance. He has the<br />

reputation as a savvy finance expert who gets results. He might also<br />

take a major role in helping to restructure the <strong>North</strong> <strong>Korean</strong> banking<br />

system. According to one Pyongyang-watcher, Ki is “reportedly in<br />

favor <strong>of</strong> greater cooperation with the Paris-based Financial Action Task<br />

Force (FATF) on Money Laundering through the work <strong>of</strong> the newly<br />

established Cabinet-level National Coordinating Committee on the<br />

Fight against Money Laundering and Financing <strong>of</strong> Terrorism, which<br />

he regards as a sufficient ground for Pyongyang to demand some relief<br />

from international financial sanctions.” 736<br />

736 Alexsandre Mansourov, “The Third Session <strong>of</strong> 13th SPA: Business as Usual,” 38 <strong>North</strong>, April<br />

15, 2015.<br />

Committee for Human Rights in <strong>North</strong> Korea<br />

318

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