Banco Delta Asia controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2007
Section 311 designation and international isolation
The U.S. Treasury designated Banco Delta Asia as a financial institution of primary money-laundering concern and required U.S. entities to sever ties. The action restricted the bank’s access to the U.S. dollar system and made it a prominent case in international sanctions enforcement.
2005
Allegations concerning North Korean-linked activity
U.S. authorities alleged that Banco Delta Asia had been willing to facilitate or overlook illicit activity involving North Korean-related customers, including alleged money laundering and distribution of counterfeit U.S. currency. An Ernst & Young audit commissioned by the Macau government reportedly found no evidence that the bank had facilitated money laundering.