Singapore does not authorise transfer of arms or 'items with potential military application' to Myanmar: MFAIn his written response, Dr Balakrishnan said as the investigations are ongoing, the update would be an interim one and he sought understanding from the MPs.
Other major categories of items covered in the report included “dual-use supplies”, such as computers, electrical components and medical equipment. Also listed was “manufacturing equipment”, which included welding materials and overhead cranes, and “raw materials”, covering items such as steel beams and aluminium ingots, as well as pipes and valves.
He said nine of the entities identified are no longer registered with the Accounting and Corporate Regulatory Authority, which means they can no longer carry on business or operate as legal entities in Singapore. “The banks will review the remaining accounts and take appropriate measures, including enhanced scrutiny to ensure that the transactions processed by these entities are not suspicious,” he said. “Such measures would curtail their ability to continue with any undesirable business.”