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British American Tobacco (BAT) will pay more than $629 million in penalties for violating North Korea-related sanctions, said Assistant US Attorney General for National Security Matthew Olsen.
WASHINGTON - British American Tobacco has agreed to pay more than $600 million to settle charges it sold cigarette materials to North Korea for years in violation of US sanctions, the US Justice Department announced Tuesday.
Case against the tobacco giant marks the ‘single largest North Korea sanctions penalty’ for US justice department
British American Tobacco is to pay $635m (£512m) plus interest to US authorities after a subsidiary admitted selling cigarettes to North Korea in violation of sanctions.
WASHINGTON: British American Tobacco (BAT) has agreed to pay more than US$600 million to settle charges it sold cigarette materials to North Korea for years in violation of U