Singapore Fines Company Over $1.1M for Export Control Violations

Singapore Customs fined Hydronav Services, a Singapore-based exporter, over $1.1 million for shipping strategic goods without the required permits in violation of the nation's Strategic Goods (Control) Act, the agency said. Two Hydronav employees were also fined for their involvement in the scheme -- one for $35,000, the other for $45,000.

Hydronav exported a multibeam echosounder system, procured from Norway, to an entity in Myanmar. The system contained subsystems listed as controlled goods and requires a permit to be exported. Singapore Customs found that the company submitted a false statement to authorities in Norway saying that the goods were being shipped to a company in Indonesia.

The agency also found that Hydronav exported an unmanned aerial vehicles in 2017 to Myanmar without the required permit. The UAV and the echosounder system were valued at $19,998.25 and $2,164,442, respectively.