Iran Tied To North Korea's Missiles- WMDs

Widely circulating reports say U.S. intelligence has confirmed Iran as a major backer of North Korea's missile exports. According to the reports the Teheran regime was and presumably is financing and facilitating North Korean exports of ballistic missiles and related systems. Last week a North Korean ship named Kang Nam 1 after chugging through the South China sea and being shadowed by a US Navy destroyer turned tail and headed back to its North Korea port.

North Korea has established Iranian fronts, one of them identified as Hong Kong Electronics, to conceal missile contracts by Pyongyang.

"North Korea uses this front company and others for a range of other deceptive practices to obscure the true nature of its financial dealings, making it nearly impossible for responsible banks and governments to distinguish legitimate from illegitimate North Korean transactions," Treasury Undersecretary Stuart Levey said.