British American Tobacco To Pay $634M For Concealed Sales Into North Korea

Mealey's (April 27, 2023, 1:52 PM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge on April 26 entered an amended judgment ordering a British tobacco company’s Singaporean subsidiary to pay $629 million in fines and forfeiture, shortly after the parent company agreed to a $5.3 million settlement agreement with the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC), all in relation to the companies’ activities selling tobacco leaf into North Korea in violation of U.S. sanctions....