Singapore shipping firm blacklisted by US for allegedly helping North Korean company smuggle weapons
A Singapore-based shipping company has been blacklisted by the US for allegedly supporting a North Korean firm accused of illicit weapon shipments.
The financial sanctions were announced by the US Treasury Department against Senat Shipping Company and Senat’s president, Leonard Lai, and on a vessel, “Dawnlight”, in which the company has an interest. US persons are prohibited from doing business with entities on the blacklist.
Treasury said Senat has ties to Ocean Maritime Management Company, or OMMC, a North Korean firm that operated a ship, the Chong Chon Gang, seized by Panamanian authorities in 2013 for carrying undeclared military equipment from Cuba, hidden under a cargo of sugar. It said Senat arranged the purchase, repair, certification, and crewing of vessels for OMMC.
“Arms shipments transported by OMMC serve as a key resource for North Korea’s ongoing proliferation activities. Sales from these shipments contribute to North Korea’s other illicit programmes,” Acting Under Secretary for Terrorism and Financial Intelligence Adam J. Szubin said.
“We are working to make it as challenging as possible for North Korea to continue its unlawful behaviour by actively targeting anyone or any business that supports these illicit arms transfers,” he said.
