following an 18-month investigation. U.S. Treasury Under-Secretary Stuart Levey stated that the investigation confirmed the bank's "willingness to turn a blind eye to illicit activity, notably by its North Korean-related client". A mini-bank run ensued, although only 10% of the bank's cash reserves were drawn out. In September 2007, the Monetary Authority of Macau ended its intervention and the bank was returned to management by owner Stanley Au. No criminal charges were ever filed in Macau. The bank remains blacklisted by the U.S. Treasury Department and is not authorized to conduct transactions in U.S. dollars. Sanctions Uplift On August 11, 2020, the US Financial Crimes Enforcement Network (FinCEN) made an announcement on the formal uplift of the sanctions against Banco Delta Asia without further litigation, or any admission of liability by any party, and Banco Delta Asia can resume its US dollar business. References External links Official website Banks of Macau North Korea–United States relations Banks established in 1935 Brands of Macau 1935 establishments in Macau