S'pore firm charged with offences possibly linked to North Korea's WMD programme
Published on Jun 10, 2014 12:39 PM
SINGAPORE - A Singapore-registered shipping company was charged on Tuesday with transferring financial assets or resources that may reasonably be used to contribute to North Korea's nuclear- and ballistic missile-related or other weapons of mass destruction (WMD) related programme.
Chinpo Shipping Company's accounts executive Tan Hui Tin, 50, was also brought to court for intentionally aiding her father, Mr Tan Cheng Hoe, 80, the chairman of the company, in not handing over electronic records required by the police.
The company allegedly transferred US$72,017 from its Bank of China account to one C.B. Fenton and Co., a shipping agent at Panama Canal, on July 8 last year, having reason to believe that the sum may be used to contribute to the nuclear and other WMD activities of North Korea.
The company also faces a second charge of having carried on a remittance business without a valid licence between April 2009 and last July.
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