US sanctions on Singapore-based Alexsong a warning to all firms to stay compliant
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Singapore
THE United States has designated Singapore-based electronics wholesaler, Alexsong Pte Ltd, among those that have breached its sanctions against Russia, a case which serves to remind businesses that they must have robust sanction compliance policies.
Nathanael Lin, partner, shipping and international trade, at Rajah & Tann in Singapore, said the issue of sanctions compliance is not new.
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