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. Last Updated: 07/27/2016

U.S. Official in China to Sort Funds

BEIJING -- A senior U.S. Treasury Department official arrived in Beijing on Sunday to untangle a dispute over North Korean funds frozen in a Macau bank that led to a breakdown in talks over Pyongyang's nuclear program.

Daniel Glaser, deputy assistant secretary for terrorist financing and financial crimes, is to meet Chinese officials to discuss the frozen money held at Banco Delta Asia, a bank in the Chinese territory of Macau. North Korea refused to participate in six-nation disarmament talks until the $25 million in funds were released.

The United States has agreed to let the money be transferred to a North Korean account at the Bank of China account in Beijing, but its release was delayed by the Chinese bank's concerns about accepting money.

Glaser declined to comment when he arrived at Beijing's airport, but said in a statement before he left Washington that "the policy and diplomatic issues have been solved -- this is now down to implementation."