35288
Singapore Co. Fined
World Economy

Singapore Co. Fined

A Singapore court has fined a shipping company nearly $127,000 for wiring money used to transport fighter jets and surface-to-air missile systems from Cuba to North Korea in 2013 in violation of bans on helping Pyongyang build up its weapons programs, Reuters reported. The haul, hidden under heaps of sugar and discovered by Panamanian authorities, was the biggest load of arms and related materials ever to be intercepted on its way to or from the isolated North. The court found that Singapore-registered Chinpo Shipping Company had transferred tens of thousands of dollars for the shipment without conducting due diligence.

Short URL : http://goo.gl/Q8kiWy
  1. http://goo.gl/nRL23Q
  • http://goo.gl/SklTRg
  • http://goo.gl/CsHJAz
  • http://goo.gl/ejepp5
  • http://goo.gl/3cn1Gd

You can also read ...

Debt to GDP ratios across the OECD averaged 73% last year and its members are set to borrow $14.67 trillion from the markets this year.
The world economy is at risk from a rising tide of government...
S&P Ups Russia to Investment Grade
Russia received a long-awaited upgrade to its sovereign rating...
US has accused ABLV of money laundering and breaching  sanctions on North Korea.
The European Central Bank said Saturday it has determined that...
PNB fraud of $1.8 billion is considered as the biggest bank fraud of its kind in Asia’s third-largest economy.
On the morning of February 16, India’s second-largest state-...
China’s Geely Buys $9 Billion Daimler Stake
The founder of Zhejiang Geely Holding Group Co. has...
Thorny issues such as content rules for  cars remain unsolved.
It’s looking increasingly likely Nafta talks will extend...
Mexico Hosts 39 Million Tourists, Earns $21 Billion
Mexico saw record revenues from international tourism in 2017...
Manafort Indictment Spells Trouble for Bankers
Recently filed federal charges against President Donald Trump’...

Trending

Googleplus