News Formal

Tobacco Company to Pay Over $600 Million for Violating US Sanctions Against North Korea

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

A British tobacco company has agreed to pay more than $629 million to settle allegations that it did illegal business with North Korea in violation of U.S. sanctions, the Justice Department said.

Smuggled tobacco products are regarded as a major source of revenue for North Korea's nuclear and weapons of mass destruction programs, the Justice Department said.

“This case and others like it do serve as a warning shot to companies, companies that support rogue regimes like North Korea through their activities — that they have to have compliance programs, compliance programs that prevent these kinds of activities from taking place,” he said. That money was then funneled back to BAT, the Justice Department said. North Korean purchases of the tobacco occurred through front companies that concealed the connections from U.S. banks that processed the transactions.

He said the company, whose brands include Lucky Strike, Kent and Pall Mall, had since transformed its ethics and compliance programs.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 569. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

British American Tobacco Hid North Korea Business for Years: FedsU.S. prosecutors have charged the company with helping Pyongyang skirt restrictions meant to freeze it out of the global banking system.
ソース: thedailybeast - 🏆 307. / 63 続きを読む »