Tan was also blacklisted by the US Treasury Department for allegedly doing business with the North and engaging in money laundering. Last week, the Treasury Department imposed sanctions on Wee Tiong (S) Pte. It alleges that Tan worked with at least one other Wee Tiong employee to fulfil millions of dollars of commodities contracts for North Korea, dating back to 2011. Wee Tiong, which lists its activities as general wholesale trade, has been operating for 25 years and has an annual revenue of $400 million, the note stated. Separately, Singapore authorities have accused three individuals, including a North Korean man, of helping to supply goods such as watches and jewelry to luxury stores in Pyongyang, drawing attention to the role the trading hub may play in helping North Korea bypass international sanctions.

Source: Philippine Daily Inquirer October 31, 2018 08:48 UTC