26 Oct 2018
AP — The United States imposed sanctions Thursday on the Singapore-based director of a commodities company accused of laundering money for North Korea through the U.S. financial system.
The Department of Justice also unsealed criminal charges against the person, Tan Wee Beng, accusing him of “a multi-year scheme to violate and evade U.S. national security controls” against North Korea. Officials said he is also managing director of a marine fuels company involved in illicit economic activity with the North.
It’s the latest step by the U.S. to punish foreign companies and individuals said to have helped Pyongyang evade U.N.-mandated sanctions on its nuclear weapons program.
Link to AP.
KYC360 UPDATE: SEE ALSO – Singapore trader denies laundering millions for North Korea
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