US Treasury considering all tools to stop N.Korea financing -official

WASHINGTON, May 13 (Reuters) - The U.S. Treasury is considering all of its available tools to deny North Korea access to the international financial system to rein in its nuclear weapons and missile development programs, a senior Treasury official said on Saturday.

"We are entertaining all of the tools in our arsenal, including programs that come from TFI and OFAC offices and similar ones to try to stop them," the official told reporters before news broke that North Korea had fired another ballistic missile into the Sea of Japan.

The official was referring to sanctions and other programs administered by the Treasury's Terrorism and Financial Intelligence division and the Office of Foreign Assets Control.

Click through images of North Korea's celebration of leader Kim Il Sung:

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Photojournalist captures North Korea's celebration of leader Kim Il Sung
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Photojournalist captures North Korea's celebration of leader Kim Il Sung
People walk between buildings after the opening ceremony of a newly constructed residential complex in Ryomyong street in Pyongyang, North Korea April 13, 2017. REUTERS/Damir Sagolj TPX IMAGES OF THE DAY
North Korean soldiers march as they visit the newly constructed residential complex after its opening ceremony in Ryomyong street in Pyongyang, North Korea April 13, 2017. REUTERS/Damir Sagolj
Thousands of people arrive for an opening ceremony of a newly constructed residential complex in Ryomyong street in Pyongyang, North Korea April 13, 2017. REUTERS/Damir Sagolj TPX IMAGES OF THE DAY
People carry flags after an opening ceremony for the newly constructed residential complex in Ryomyong street in Pyongyang, North Korea April 13, 2017. REUTERS/Damir Sagolj
Men wearing uniforms check a newly constructed residential complex after its opening ceremony in Ryomyong street in Pyongyang, North Korea April 13, 2017. REUTERS/Damir Sagolj TPX IMAGES OF THE DAY
Women dressed in traditional costumes walk near the main Kim Il Sung square in central Pyongyang, North Korea April 11, 2017. REUTERS/Damir Sagolj
Women wear traditional clothes as North Korea prepares to mark Saturday's 105th anniversary of the birth of Kim Il-sung, North Korea's founding father and grandfather of the current ruler, in central Pyongyang, North Korea April 12, 2017. REUTERS/Damir Sagolj
A man walks the the street decorated with flags as North Korea prepares to mark Saturday's 105th anniversary of the birth of Kim Il-sung, North Korea's founding father and grandfather of the current ruler, in central Pyongyang, North Korea April 12, 2017. REUTERS/Damir Sagolj TPX IMAGES OF THE DAY
People practice for the expected parade on the main Kim Il-Sung Square in central Pyongyang, North Korea April 12, 2017. REUTERS/Damir Sagolj
Military officers visit the birthplace of North Korean founder Kim Il Sung, a day before the 105th anniversary of his birth, in Mangyongdae, just outside Pyongyang, North Korea April 14, 2017. REUTERS/Damir Sagolj TPX IMAGES OF THE DAY
People react as a vehicle carrying foreign reporters passes towards the newly constructed residential complex before its opening in Ryomyong street in Pyongyang, North Korea April 13, 2017. REUTERS/Damir Sagolj
Portraits of North Korea founder Kim Il Sung and late leader Kim Jong Il glow as people take part in a mass dance event marking the 105th birth anniversary of Kim Il Sung in Pyongyang, North Korea April 15, 2017. REUTERS/Damir Sagolj TPX IMAGES OF THE DAY
Soldiers check their souvenir photo as they visit the flower exhibition marking the 105th birth anniversary of the country's founding father, Kim Il Sung in Pyongyang, North Korea April 16, 2017. REUTERS/Damir Sagolj
People sweep in front of statues of former North Korean leaders Kim Il Sung and Kim Jong Il in central Pyongyang, North Korea April 12, 2017. REUTERS/Damir Sagolj
People enjoy the Munsu water park in Pyongyang, North Korea April 16, 2017. REUTERS/Damir Sagolj TPX IMAGES OF THE DAY
People wait in line for a water slide as they enjoy the Munsu water park in Pyongyang, North Korea April 16, 2017. REUTERS/Damir Sagolj
People gather at the entrance of a zoo in Pyongyang, North Korea April 16, 2017. REUTERS/Damir Sagolj
Twin girls enjoy their time in a zoo in Pyongyang, North Korea April 16, 2017. REUTERS/Damir Sagolj
People travel on escalators to enter a subway station in central Pyongyang, North Korea April 14, 2017. REUTERS/Damir Sagolj
The sun set in Pyongyang, North Korea April 12, 2017. REUTERS/Damir Sagolj
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"We don't comment on future sanctions, but we're obviously going to consider every tool in our arsenal to combat any illicit activity and terror financing," the official said.

North Korea fired a ballistic missile from a region near its west coast that flew 700 km (430 miles), South Korea's military said, days after a new leader took office in the South pledging to engage in dialog with Pyongyang.

Earlier on Saturday, U.S. Treasury Secretary Steven Mnuchin said he made efforts to combat terrorism and illicit finance, which includes sanctions on North Korea, a key focus of his discussions with his counterparts from the Group of Seven industrial economies.

Mnuchin told reporters on his plane back to Washington that for him, terrorism and illicit finance issues outweighed his discussions of the Trump administration's trade policies at the G7 meeting in Bari, Italy.

"I would say trade was important, but the biggest focus was working with our partners to combat terrorist financing," Mnuchin said.

The G7 finance ministers and central bank governors pledged to strengthen tools to effectively counter terrorist financing, including sharing information and working more effectively to freeze assets that fall under sanctions. (Reporting by David Lawder; Editing by Robert Birsel)

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