Spat of cases involving Singapore-based entities trading with Iran illegally in recent years
US exempts Singapore from sanctions targeting Iran
MAS cautions companies to exercise due diligence in Iran-related business transactions
After seven long years of negotiations, the United Nations in April this year overwhelmingly adopted the first ever treaty to regulate the US$70 billion global trade in conventional arms such as tanks, warships, attack helicopters, as well as small arms and light weapons (SALWs). Here, we present a few tables to demostrate Singapore's ranking in terms of arms ownership, imports and exports worldwide.
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