Singaporean national, firms sanctioned over illicit North Korean dealings



News Singaporean national, firms sanctioned over illicit North Korean dealings DOJ charges Singaporean national accused by the U.S. of bank fraud, among other charges Hamish Macdonald October 25, 2018 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Singapore by dronepicr on 2017-07-21 13:12:43 Update at 1240 EST: This article was updated to include more comments by the U.S. Department of Justice. The U.S. Department of the Treasury on Thursday designated two Singaporean entities, two Singaporean flagged vessels, and one national for laundering money through the U.S. financial system on behalf of North Korea. Tan Wee Beng, Director of Wee Tiong (S) Pte Ltd and Managing Director of WT Marine Pte Ltd, was designated by the Office of Foreign Assets Control (OFAC) alongside the two companies. The U.S. Department of Justice (DOJ) also on Thursday unsealed charges against Tan for a litany of alleged © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by Trending

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Singaporean national, firms sanctioned over illicit North Korean dealings

DOJ charges Singaporean national accused by the U.S. of bank fraud, among other charges

Hamish Macdonald October 25, 2018

Singaporean national, firms sanctioned over illicit North Korean dealings

Singapore by dronepicr on 2017-07-21 13:12:43

Update at 1240 EST: This article was updated to include more comments by the U.S. Department of Justice.

The U.S. Department of the Treasury on Thursday designated two Singaporean entities, two Singaporean flagged vessels, and one national for laundering money through the U.S. financial system on behalf of North Korea.

Tan Wee Beng, Director of Wee Tiong (S) Pte Ltd and Managing Director of WT Marine Pte Ltd, was designated by the Office of Foreign Assets Control (OFAC) alongside the two companies.

The U.S. Department of Justice (DOJ) also on Thursday unsealed charges against Tan for a litany of alleged

About the Author

Hamish Macdonald

Hamish Macdonald is an Associate Fellow at RUSI who formerly worked on Project SANDSTONE and formerly a journalist and researcher who has focused uniquely on North Korea related topics and affairs. He was previously the COO of the Korea Risk Group, which produces the NK News and NK Pro. Specialising in this area, his investigations covered topics including North Korean sanctions evasion activities, domestic economic development and human rights.

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