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British American Tobacco fined $635mn for violating North Korea sanctions.

1 min read
Source: BBC
British American Tobacco fined $635mn for violating North Korea sanctions.
Photo: BBC
TL;DR Summary

British American Tobacco (BAT) has agreed to pay $635m plus interest to US authorities after a subsidiary admitted selling cigarettes to North Korea in violation of sanctions. The settlement relates to BAT activity in North Korea between 2007 and 2017. BAT is one of the world's largest tobacco multinationals and one of the UK's 10 biggest companies. Criminal charges were also revealed against North Korean banker Sim Hyon-Sop, 39, and Chinese facilitators Qin Guoming, 60, and Han Linlin, 41, for facilitating sales of tobacco to North Korea.

Topics:business#british-american-tobacco#business#doj#north-korea#sanctions#settlement
Share this article
  1. British American Tobacco to pay $635m for North Korea sanctions breaches  BBC
  2. Feds Charge British American Tobacco With Violating North Korea Sanctions  The Daily Beast
  3. Tobacco company pleads guilty to violating U.S. sanctions on North Korea  The Washington Post
  4. World's second-largest tobacco company to pay over $600 million for violating sanctions against North Korea  ABC News
  5. Live news: British American Tobacco fined $635mn over North Korea violations  Financial Times

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