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.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!