Taiwan targets North Korean oil smuggling with terrorism finance law reform

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Financial Times 13h ago

Taiwan targets North Korean oil smuggling with terrorism finance law reform - Financial Times

Quick Summary:

The customs administration also tightened regulations last year to require shipowners to register transactions in international waters with exact positioning data and information on the counterparty.

The rule in the past has derailed cases over illicit oil shipments to North Korea.

A Taiwan court found six people charged for smuggling oil in the East China Sea using the tanker Polaris in 2018 not guilty because it deemed the evidence insufficient.