Singapore Company Accused of Violating North Korea Sanctions
A Singapore-based trading firm was charged with shipping luxury goods to North Korea in violation of United Nations sanctions, according to an Aug. 21 post on the EU Sanctions blog. The company, SinSMS Pte. Ltd, was accused of shipping more…
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than $650,000 worth (in Singapore dollars) of wine and spirits in 2016 and 2017 to North Korea through Dalian, China, the post said. The company faces a S$1 million fine. The U.S. Office of Foreign Assets Control in 2018 sanctioned SinSMS Pte. and its parent company, Dalian, China-based Sun Moon Star International Logistics Trading Co., for United Nations Security Council violations.