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SEOUL, Jan. 21 (Yonhap) -- The Cabinet approved a bill Tuesday to strengthen punishment for transactions with terror plotters as part of efforts to prevent the proliferation of deadly weapons of mass destruction (WMD).
Under the revision approved during the weekly Cabinet meeting, any transactions with those facing financial sanctions for plotting terror attacks shall be prohibited, with violators subject to up to three years of imprisonment or 30 million won (US$28,192) in fines.
The revision also allowed the financial watchdog to levy sanctions against those engaged in activities related to the proliferation of WMD. Currently, the punishable measures are applied only to those who carry out activities with an aim to pose a threat to the public.
Adopting the expanded definition of what constitutes the proliferation of WMD, the revision banned not only producing and using nuclear, biological and chemical weapons but also possessing and transporting them.
It "aims to effectively control fund-raising activities related to the proliferation of weapons of mass destruction," the government said in a statement.
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