Monday, September 21, 2026
19.7 C
Los Angeles

Former Georgian Defense Minister Juansher Burchuladze Receives Reduced Sentence in Plea Deal

A high-profile criminal case involving former Georgian...

Singapore Moves to Strengthen Stablecoin Regulation Under Proposed Payment Services Act Amendments

Singapore is moving to formalise and strengthen...

Former Ecuador President Lenín Moreno Sentenced to Five Years in Prison in Sinohydro Bribery Case

Former Ecuadorian President Lenín Moreno has been...

Singapore Fines Hydronav Services for Breaching Export Control Regulations

Recent Regulations & NewsSingapore Fines Hydronav Services for Breaching Export Control Regulations

Singapore has imposed a fine of $1,133,412.25 on Hydronav Services (Singapore) Pte Ltd for breaching Singapore’s export control regulations, particularly section 5 of the Strategic Goods (Control) Act 2002, as stated in a press release. Hydronav acquired a multibeam echosounder system from a Norwegian company but falsely informed Norwegian authorities that the goods were destined for Indonesia. Subsequently, Hydronav exported the system to Myanmar without obtaining the necessary permit. Additionally, two employees were individually fined $35,000 and $45,000 for their roles in overseeing this unauthorized export.

Read full press release here.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

Check out our other content

Ad


Check out other tags:

Most Popular Articles