China's big banks halt services for North Koreans, tellers saySHANGHAI (Reuters) - China s Big Four state-owned banks have stopped providing financial services to new North Korean clients, according to branch staff, amid U.S. concerns that Beijing has not been tough enough over Pyongyang s repeated nuclear tests. Tensions between the United States and North Korea have ratcheted up after the sixth and most powerful nuclear test conducted by Pyongyang on Sept. 3 prompted the United Nations Security Council to impose further sanctions on Tuesday. Chinese banks have come under scrutiny for their role as a conduit for funds flowing to and from China s increasingly isolated neighbor. China Construction Bank (CCB) (601939.SS) has  completely prohibited business with North Korea , said a bank teller at a branch in the northeastern province of Liaoning. The ban started on Aug. 28, the teller said. Frustrated that China had not done more to rein in North Korea, the Trump administration was mulling new sanctions in July on small Chinese banks and other firms doing business with Pyongyang, two senior U.S. officials told Reuters. A person answering the customer hotline at the world s largest lender, Industrial and Commercial Bank of China Ltd (ICBC) (601398.SS), said the bank had stopped opening accounts for North Koreans and Iranians since July 16. The person did not explain why or answer further questions. The measures taken by the largest Chinese banks began as early as the end of last year, when the Dandong city branch of China s most international lender, Bank of China Ltd (BoC) (601988.SS), stopped allowing North Koreans to open individual or business accounts, said a BoC bank teller who declined to be identified. Existing North Korean account holders could not deposit or remove money from their accounts, the BoC bank teller said. At Agricultural Bank of China Ltd (AgBank) (601288.SS), a teller at a branch in Dandong, a northeastern Chinese city that borders North Korea, said North Koreans could not open accounts. The teller did not provide further details. Official representatives for BoC, ICBC, CCB and AgBank could not be reached for comment. Banks in Dandong have been under the microscope as tensions have risen, given their proximity to North Korea. In June, the United States accused the Bank of Dandong, a small lender, of laundering money for Pyongyang. Attempts to slowly choke off the flow of funds to and from North Korea come after the United States sanctioned a Chinese industrial machinery wholesaler that it said was acting on behalf of a Pyongyang bank already sanctioned by the United Nations for supporting the proliferation of weapons of mass destruction. The Chinese wholesaler was found to be operating through 25 accounts at banks in China. Although measures are in place, some bankers questioned how well the rules would be enforced. Chinese lenders have experienced high-profile failures to police money-laundering in recent years, with some facing allegations that bankers were complicit in the movement of illicit funds.  Asking whether we will be able to enforce the new rules is the same question as asking how tight our know-your-client checks are,  said a senior corporate banker at the Bank of China who declined to be identified because of the sensitivity of the matter.  There will always be holes,  she said. worldnews
china big banks halt services north korean sellers sayshanghai reuters china big four banks stopped providing financial services new north korean clients according branch staff amid concerns beijing tough enough pyongyang repeated nuclear tests tensions united states north korea ratcheted sixth powerful nuclear test conducted pyongyang prompted united nations security council impose sanctions tuesday chinese banks come scrutiny role conduit funds flowing china increasingly isolated neighbor china construction bank ccb completely prohibited business north korea said bank teller branch northeastern province learning the ban started teller said frustrated china done rein north korea trump administration pulling new sanctions july small chinese banks firms business pyongyang two senior officials told reuters a person answering customer hotline world largest lender industrial commercial bank china ltd cbc said bank stopped opening accounts north korean iranian since july the person explain answer questions the measures taken largest chinese banks began early end last year landing city branch china international lender bank china ltd boc stopped allowing north korean open individual business accounts said boc bank teller declined identified existing north korean account holders could deposit remove money accounts boc bank teller said at agricultural bank china ltd bank teller branch landing northeastern chinese city borders north korea said north korean could open accounts the teller provide details official representatives boc cbc ccb bank could reached comment banks landing microscope tensions risen given proximity north korea in june united states accused bank landing small lender laundering money pyongyang attempts slowly choke flow funds north korea come united states sanctioned chinese industrial machinery wholesale said acting behalf pyongyang bank already sanctioned united nations supporting proliferation weapons mass destruction the chinese wholesale found operating accounts banks china although measures place bankers questioned well rules would enforced chinese lenders experienced failures police recent years facing allegations bankers complicity movement illicit funds asking whether able enforce new rules question asking tight checks said senior corporate banker bank china declined identified sensitivity matter there always holes said worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: China's big banks halt services for North Koreans, tellers saySHANGHAI (Reuters) - China s Big Four state-owned banks have stopped providing financial services to new North Korean clients, according to branch staff, amid U.S. concerns that Beijing has not been tough enough over Pyongyang s repeated nuclear tests. Tensions between the United States and North Korea have ratcheted up after the sixth and most powerful nuclear test conducted by Pyongyang on Sept. 3 prompted the United Nations Security Council to impose further sanctions on Tuesday. Chinese banks have come under scrutiny for their role as a conduit for funds flowing to and from China s increasingly isolated neighbor. China Construction Bank (CCB) (601939.SS) has  completely prohibited business with North Korea , said a bank teller at a branch in the northeastern province of Liaoning. The ban started on Aug. 28, the teller said. Frustrated that China had not done more to rein in North Korea, the Trump administration was mulling new sanctions in July on small Chinese banks and other firms doing business with Pyongyang, two senior U.S. officials told Reuters. A person answering the customer hotline at the world s largest lender, Industrial and Commercial Bank of China Ltd (ICBC) (601398.SS), said the bank had stopped opening accounts for North Koreans and Iranians since July 16. The person did not explain why or answer further questions. The measures taken by the largest Chinese banks began as early as the end of last year, when the Dandong city branch of China s most international lender, Bank of China Ltd (BoC) (601988.SS), stopped allowing North Koreans to open individual or business accounts, said a BoC bank teller who declined to be identified. Existing North Korean account holders could not deposit or remove money from their accounts, the BoC bank teller said. At Agricultural Bank of China Ltd (AgBank) (601288.SS), a teller at a branch in Dandong, a northeastern Chinese city that borders North Korea, said North Koreans could not open accounts. The teller did not provide further details. Official representatives for BoC, ICBC, CCB and AgBank could not be reached for comment. Banks in Dandong have been under the microscope as tensions have risen, given their proximity to North Korea. In June, the United States accused the Bank of Dandong, a small lender, of laundering money for Pyongyang. Attempts to slowly choke off the flow of funds to and from North Korea come after the United States sanctioned a Chinese industrial machinery wholesaler that it said was acting on behalf of a Pyongyang bank already sanctioned by the United Nations for supporting the proliferation of weapons of mass destruction. The Chinese wholesaler was found to be operating through 25 accounts at banks in China. Although measures are in place, some bankers questioned how well the rules would be enforced. Chinese lenders have experienced high-profile failures to police money-laundering in recent years, with some facing allegations that bankers were complicit in the movement of illicit funds.  Asking whether we will be able to enforce the new rules is the same question as asking how tight our know-your-client checks are,  said a senior corporate banker at the Bank of China who declined to be identified because of the sensitivity of the matter.  There will always be holes,  she said. worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: china big banks halt services north korean sellers sayshanghai reuters china big four banks stopped providing financial services new north korean clients according branch staff amid concerns beijing tough enough pyongyang repeated nuclear tests tensions united states north korea ratcheted sixth powerful nuclear test conducted pyongyang prompted united nations security council impose sanctions tuesday chinese banks come scrutiny role conduit funds flowing china increasingly isolated neighbor china construction bank ccb completely prohibited business north korea said bank teller branch northeastern province learning the ban started teller said frustrated china done rein north korea trump administration pulling new sanctions july small chinese banks firms business pyongyang two senior officials told reuters a person answering customer hotline world largest lender industrial commercial bank china ltd cbc said bank stopped opening accounts north korean iranian since july the person explain answer questions the measures taken largest chinese banks began early end last year landing city branch china international lender bank china ltd boc stopped allowing north korean open individual business accounts said boc bank teller declined identified existing north korean account holders could deposit remove money accounts boc bank teller said at agricultural bank china ltd bank teller branch landing northeastern chinese city borders north korea said north korean could open accounts the teller provide details official representatives boc cbc ccb bank could reached comment banks landing microscope tensions risen given proximity north korea in june united states accused bank landing small lender laundering money pyongyang attempts slowly choke flow funds north korea come united states sanctioned chinese industrial machinery wholesale said acting behalf pyongyang bank already sanctioned united nations supporting proliferation weapons mass destruction the chinese wholesale found operating accounts banks china although measures place bankers questioned well rules would enforced chinese lenders experienced failures police recent years facing allegations bankers complicity movement illicit funds asking whether able enforce new rules question asking tight checks said senior corporate banker bank china declined identified sensitivity matter there always holes said worldnews