Anti-Financial Crime & Financial Crime Compliance
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Financial Crime, Sanctions, US

NEWS: North Korea sanctions breach costs British America Tobacco $635M (€574M) 

By Alisha Houlihan for AMLi

British American Tobacco (BAT) has been fined $635M (€574M) plus interest for allowing the sale of cigarettes to North Korea in violation of sanctions.

According to US authorities, the settlement involves BAT’s activities in North Korea between 2007 and 2017.

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