A Singaporean man was wanted by the US Federal Bureau of Investigations (FBI) for allegedly conspiring to violate the International Emergency Economic Powers Act in 2018.
Tan Wee Beng, 43-year-old, was charged on the 19 Jun 2020 for falsifying documents in an attempt to hide sales transactions done with North Korean entities from 2 local banks in Singapore.
According to the FBI, the accuse had “allegedly fulfilled millions of dollars in commodities contracts for North Korea.”
The accuse has allegedly sold sugar to his customer base in North Korea between 2014 to 2016. Payment of the sales was made to two companies related to the accuse.
A 38-year-old Malaysian woman was also charged in court for intentionally assisting the accuse to falsify the document.
They are currently out on bail and will return to court on the 17 July 2020. if convicted both of them could face a jail term up to 10 years, fine or both.