US moves on Chinese firm for laundering North Korean money

The United States has moved to seize nearly $2 million from a Chinese firm officials say laundered money for North Korea.

U.S. officials allege Mingzheng International Trading moved funds through the United States for Foreign Trade Bank, a major North Korean lender that's under sanctions.

Officials said the $1.9 million sum is "one of the largest seizures of North Korean funds by the Department of Justice."

Read more from CNNMoney.