Special Investigation Commission - Fighting Money Laundering     Overview   Chairman   Secretary   Organizational Chart   Organizational Chart   SIC Units & Functions   Law 318   Amended BDL Circular 83   SIC Circular 1   SIC Circular 2   SIC Circular 3   SIC Circular 4   SIC Circular 5   SIC Circular 6   SIC Circular 7   Annual Reports   Presentations   STR Form   Downloads   Continuous Professional Education   Technical Assistance    FAQs What is money laundering What offences are criminalized under law 318 Where does money laundering occur What is the role of the SIC What are the warning Signs of Money Laundering [ more links]   The SIC, Lebanon's Financial Intelligence Unit (FIU), receives, analyzes, investigates suspicious transaction reports (STRs) and ensures compliance of banks, financial institutions and other reporting entities with the AML/CFT regulations. [ details]     Latest Newsletter » Thursday China Finds N.Korea Guilty of Money Laundering   A three-month investigation by China of accusations that North Korea used a Macau bank to launder gains from currency forgery has confirmed the suspicions, Korean diplomatic sources said Wednesday. The revelation comes amid reports that North Korean leader Kim Jong-il is on a spur-of-the-moment trip to China, which some speculate may be linked to the finding. Korean Foreign Ministry sources said based on the findings China is in the midst of trying to convince North Korea that it needs to take steps in the matter. They said South Korea?s Deputy Foreign Minister Song Min-soon and his Chinese counterpart Wu Dawei have already met in Beijing to discuss the issue. Both are their country?s chief delegate in six-party talks on North Korea?s nuclear program, which Pyongyang is boycotting because of U.S. sanctions over the counterfeiting charge. Wu also met with his North Korean counterpart Kim Kye-gwan to inform him in person that China believes Pyongyang cannot escape culpability for its illegal actions, the diplomats said. They quoted Kim as promising to look into the matter and take appropriate steps if they are true.? The U.S. believes nothing short of a full confession and a verifiable end to the dollar forgery will do. Washington has banned transactions of U.S. firms with the Macau-based Banco Delta Asia, which it says permitted North Korean agents to make secret transactions of hundreds of thousands of dollars in cash and of laundering profits from drug trafficking and counterfeiting on behalf of North Korean overseas firms. Meanwhile, Foreign Minister Ban Ki-moon said on the same day the talks between Song and Wu centered on creative ideas about ways of resolving international concern? over North Korea?s alleged counterfe