Tag Archives: OFAC Sanctions

OFAC Singapore Trading Korea

On Oct. 25, Treasury OFAC designated Singapore trader to DPRK. Singapore-based designated targets, laundered money in support of North Korea. Two entities and one individual, to continue implementation of existing sanctions. Basis for Designation Tan Wee Beng, Wee Tiong Ltd, and WT Marine Pte Ltd for having engaged in AML. For counterfeiting of goods or…
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OFAC Circumvented Sanctions

On Aug. 21, OFAC designations for evading Russia, NK sanctions. Identified individuals and entities for their roles in circumventing US sanctions. Designation is pursuant to section 224(a)(1)(B) of CAATSA, Public Law 115-44. Russia-related Sanctions Sanctions based on acts undertaken for Divetechnoservices, a Russian entity. As well as for Russian government agencies e.g Federal Security Service (FSB).…
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