OFAC designates Singapore companies

The Office of Foreign Assets Control of the US Department of the Treasury designated Tan Wee Beng, Wee Tiong (S) Pte Ltd, and WT Marine Pte Ltd as pursuant to the North Korea sanctions for engaging in money laundering, counterfeiting activities, smuggling, and other illegal activities in support of the Government of North Korea or its officials.  In addition, Beng was also charged with conducting illegal transactions on behalf of North Korean entities and of laundering funds for those entities.

OFAC press release | US Attorneys SDNY press release | Indictment

You are currently offline.