Tan Wee Beng (born 14 February 1977) is a Singaporean businessman and commodity broker currently on a most wanted list maintained by the United States Federal Bureau of Investigation (FBI) for money laundering.
Tan Wee Beng | |
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| Born | 14 February 1977 Singapore |
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Career
editBusiness
editA graduate of Nanyang Technological University, Singapore, Tan serves as the director of Wee Tiong and the managing director of WT Marine. In 2011, he was named the Emerging Entrepreneur of the Year by Ernst & Young.[1] Under his leadership, annual revenue at Wee Tiong reportedly grew by some 131 percent in ten years to more than USD$300m in 2015.[2][3]
Alleged money laundering
editOn 25 October 2018, the United States Department of Justice officially filed charges against Tan for his "conspiring to use the U.S. financial system to conduct millions of dollars’ worth of transactions to finance shipments of goods to the Democratic People’s Republic of Korea".[4] At the same time, the United States Department of the Treasury announced sanctions against Tan and the two companies under his leadership.[5] Tan categorically denied the criminal allegations.[2]
Personal life
editThe South China Morning Post described Tan as a "Ferrari-loving entrepreneur" based on his alleged penchant for sports cars.[6] According to his Business Times profile, Tan is also a member of the London-based Refined Sugar Association.[7]
References
edit- ^ "EY Entrepreneur Of The Year 2011 – Emerging". Ersnt & Young. Retrieved 26 October 2018.
- ^ a b "Singapore trader denies laundering millions for North Korea". BBC. 26 October 2018.
- ^ Koh, Jeremy (4 October 2015). "Leaving family business in good hands". The Straits Times.
- ^ "Manhattan United States Attorney Announces Charges Against Owner And Director Of Singapore-Based Commodities Company For North Korea Sanctions Evasion And Money Laundering Offenses". United States Department of Justice. 25 October 2018. Retrieved 26 October 2018.
- ^ "Treasury Designates Singapore-Based Targets for Laundering Money in Support of North Korea". United States Department of the Treasury. 25 October 2018. Retrieved 26 October 2018.
- ^ "FBI indicts Singapore's Tan Wee Beng, Ferrari-loving entrepreneur, for laundering North Korea funds". South China Morning Post. 25 October 2017.
- ^ "Keeping the middleman relevant in the Net age". Wee Tiong. Retrieved 26 October 2018.
