Legal

U.S. Treasury lists individual who helped North Korea acquire oil

Vladlen Amtchentsev advised Singapore-based Velmur Management over fuel oil and gasoil transactions.

Published

8 years ago

November 20, 2018

Admin

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Monday added Russia-born, South African national Vladlen Amtchentsev to its sanctions list, it said.

Amtchentsev acted or purported to act for or on behalf of, directly or indirectly, Singapore-based Velmur Management Pte. Ltd. (Velmur) advising on how to evade U.S. sanctions.

In August 2017, OFAC designated Singapore-based Transatlantic Partners Pte. Ltd. (Transatlantic) for operating in the energy industry in the North Korean economy, and OFAC simultaneously designated Velmur for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, Transatlantic.

These companies and associated individuals worked to purchase fuel oil and gasoil for North Korea, according to OFAC.

In addition, according to a complaint filed by the U.S. Department of Justice in 2017 at the same time as Transatlantic and Velmur were designated, these same companies allegedly laundered millions of dollars in connection with North Korea.

“North Korea depends upon the help of criminals and illicit actors to raise and transfer funds,” said Treasury Secretary Steven Mnuchin.

“As part of our commitment to the final, fully verified denuclearization of North Korea, Treasury will continue to enforce and implement sanctions against any actor that seeks to aid the regime’s deceptive practices.”

The following individuals have been added to OFAC's SDN List:

AMTCHENTSEV, Vladlen, Singapore; DOB 25 Jan 1969; POB Klimovsk, Russia; Gender Male; Secondary sanctions risk: North Korea Sanctions Regulations, sections 510.201 and 510.210; Passport M00021291 (South Africa) issued 04 May 2010 expires 03 May 2020; National ID No. 6901256079081 (South Africa) (individual) [DPRK3] (Linked To: VELMUR MANAGEMENT PTE LTD).

Published: 20 November, 2018

Business

Singapore: Notice of intended dividend issued for Parakou Shipping Pte Ltd

Creditors of the company will have to submit proof of debt to the liquidators of Parakou Shipping by 17 June, according to Government Gazette notice.

Published

1 day ago

June 5, 2026

Admin

A notice to declare the intended dividend of Parakou Shipping Pte Ltd to its creditors has been posted on the Government Gazette on Wednesday (3 June).

The following are the details of the notice of intended dividend:

Name of Company : Parakou Shipping Pte Ltd (In Creditors’ Voluntary Liquidation)
Address of Registered Office : c/o KordaMentha, 50 Raffles Place, 25-01 Singapore Land Tower, Singapore 048623
Last Day of Receiving Proofs (if not already lodged): 17 June 2026
Name of Liquidator : Cameron Duncan
Address : c/o KordaMentha Pte Ltd, 50 Raffles Place, #25-01 Singapore Land Tower, Singapore 048623

Photo credit: steve pb from Pixabay
Published: 5 June, 2026

Winding up

Singapore: Final meeting scheduled for Tiger LNG Shipping Pte Ltd

Meeting will be held on 29 June at 190 Middle Road #17-05 Fortune Centre Singapore 188979 to hear any explanation that may be given by the liquidator, according to Government Gazette notice.

Published

4 days ago

June 2, 2026

Admin

The final meeting for Tiger LNG Shipping Pte Ltd has been scheduled to take place on 29 June, according to the company’s liquidators on a notice posted on Friday (29 May) on the Government Gazette.

The meetings will be held at 10.30am at 190 Middle Road #17-05 Fortune Centre Singapore 188979.

The meeting is being held for the purpose of having an account laid before the meeting showing the manner in which the winding up has been conducted and the property of the company disposed of, and of hearing any explanation that may be given by the liquidator.

The following are the details of the liquidator:

LUM CHI LUP BENNY
c/o 190 Middle Road
#17-05 Fortune Centre
Singapore 188979

Photo credit: Jo_Johnston from Pixabay
Published: 2 June, 2026

Winding up

Singapore: Annual general meetings scheduled for Xin Guang Shipping and An Xing Shipping

Annual general meeting of the company and creditors for An Xing Shipping and Xin Guang Shipping will be held by electronic means on 11 June and 12 June respectively.

Published

1 week ago

May 28, 2026

Admin

Several notices were published on the Government Gazette on Tuesday (26 May) regarding the annual general meetings of the companies and creditors to be held electronically from 5 to 6 May for Xin Guang Shipping Pte Ltd and An Xing Shipping Pte Ltd.

Annual general meeting for Xin Guang Shipping are to be held on 12 June at the following times: