Apr 25, 2023 03:47 PM
https://www.aa.com.tr/en/americas/britis...ea/2881532
INTRO: British American Tobacco (BAT) has agreed to pay $629 million in fines for selling cigarette materials to North Korea for years in violation of US sanctions, the US Justice Department announced Tuesday.
The Justice Department put the figure at $629 million. However, BAT said it was $635 million, without explaining the difference.
The company, which manufactures and sells cigarettes, tobacco and other nicotine products, said it has entered into a deferred prosecution agreement with the Justice Department and a civil settlement agreement with the Treasury Department's Office of Foreign Assets Control.
"On behalf of BAT, we deeply regret the misconduct arising from historical business activities that led to these settlements and acknowledge that we fell short of the highest standards rightly expected of us," Chief Executive Officer Jack Bowles said in a statement.
The business activities relating to North Korea took place between 2007 and 2017, according to the statement... (MORE - details)
INTRO: British American Tobacco (BAT) has agreed to pay $629 million in fines for selling cigarette materials to North Korea for years in violation of US sanctions, the US Justice Department announced Tuesday.
The Justice Department put the figure at $629 million. However, BAT said it was $635 million, without explaining the difference.
The company, which manufactures and sells cigarettes, tobacco and other nicotine products, said it has entered into a deferred prosecution agreement with the Justice Department and a civil settlement agreement with the Treasury Department's Office of Foreign Assets Control.
"On behalf of BAT, we deeply regret the misconduct arising from historical business activities that led to these settlements and acknowledge that we fell short of the highest standards rightly expected of us," Chief Executive Officer Jack Bowles said in a statement.
The business activities relating to North Korea took place between 2007 and 2017, according to the statement... (MORE - details)