Singapore escrow freeze disrupts ship deals amid US sanctions crackdown
- US intermediary banks have frozen escrow accounts at Singapore-based Incisive Law, holding up funds for dozens of vessel transactions
- The freeze coincides with a US crackdown on Iranian sanctions evasion, though Incisive denies any wrongdoing
- Brokers warn the incident could lead to tighter compliance checks and higher fees across the secondhand market, adding uncertainty to deals
US banks freeze Singapore law firm’s escrow accounts, disrupting ship deals and raising fears of tighter compliance scrutiny across the market
