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Singapore shipping firm blacklisted by US over North Korean weapons smuggling

A Singapore-based shipping company, Senat Shipping, has been blacklisted by the US Treasury Department for alleged involvement in a North Korean weapons smuggling deal. Senat Shipping and its president, Leonard Lai, have received financial sanctions while the vessel Dawnlight, in which the company has an interest, was also sanctioned. According to the treasury department, Senat Shipping arranged the purchase, repair, certification and crewing of vessels for North Korean firm Ocean Maritime Management Company (OMMC) which operated a ship seized by Panamanian authorities in 2013 for carrying undeclared military equipment from Cuba. “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 programs,” Acting Under Secretary for Terrorism and Financial Intelligence Adam J. Szubin said in a statement. “We are working to make it as challenging as possible for North Korea to continue its unlawful behavior by actively targeting anyone or any business that supports these illicit arms transfers,” he said. http://splash247.com/singapore-shipping-firm-blacklisted-by-us-over-north-korean-weapons-smuggling/