North Korea: A Nuclear Threat

On Sept. 19, 2005, North Korea signed a widely heralded denuclearization agreement with the United States, China, Russia, Japan and South Korea. Pyongyang pledged to "abandon all nuclear weapons and existing nuclear programs." In return, Washington agreed that the United States and North Korea would "respect each other's sovereignty, exist peacefully together and take steps to normalize their relations."
Four days later, the U.S. Treasury Department imposed sweeping financial sanctions against North Korea designed to cut off the country's access to the international banking system, branding it a "criminal state" guilty of counterfeiting, money laundering and trafficking in weapons of mass destruction.