A district court has fined Singapore-based Chinpo Shipping Company S$180,000 ($125,698) today for violating UN sanctions by carrying arms to North Korea, reports say.
In December, Chinpo was found guilty by the Singapore District Court of transferring financial assets or resources that could have been used to contribute to North Korea’s weapon programmes. The carrier was also found guilty of carrying out a remittance business without a license between 2009 and 2013.
A UN report from 2014 said Chinpo Shipping had helped arrange a shipment of Cuban fighter jets and Soviet-era missile parts that were bound for North Korea.
The North Korean vessel Chong Chon Gang (pictured) was arrested in Panama in 2013 while carrying a cargo of the largest number of arms interdicted to or from North Korea since UN commercial sanctions were imposed on the country in 2006, the court said.
Chinpo Shipping was “co-located” with the North Korean embassy in Singapore, according to the UN report.
