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North Korea has protested its renewed inclusion on the Financial Action Task Force's list of high-risk countries for money laundering and terrorism financing, calling the designation a fabrication by the United States and its allies aimed at demonizing the country. The North Korean Foreign Ministry spokesperson stated that Pyongyang has been working to improve transparency in financial transactions since 2013 and has engaged in multiple negotiations with the agency. Korea Times and Yonhap report that North Korea denounced the intergovernmental anti-money laundering body for keeping Pyongyang on its blacklist, claiming the agency serves the United States' hostile policy toward it. KBS World reports that the spokesperson argued the label is politically motivated and unrelated to the North's efforts to prevent money laundering and the financing of terrorism.