From AP, via the International Herald Tribune:
Daniel Glaser, deputy assistant secretary for terrorist financing and financial crimes, is set 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 that started March 19 until the US$25 million (‚Ç¨19 million) in frozen funds were released.
The U.S. 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 that had been linked to counterfeiting and money laundering. [Full text]