Tobacco companies pay over $600 million to settle alleged sanctions violations with North Korea | CNN Business

The agreement was simultaneously announced with criminal charges against the two companies for North Korean sanctions violation, conspiracy to commit bank fraud and conspiracy to violate the International Emergency Economic Powers Act. Separately, the Justice Department charged a North Korean banker and two Chinese nationals with helping to facilitate tobacco sales in North Korea, according to court documents.

and the North Korean Tobacco Company — owned by the North Korean Government — created a joint enterprise in 2001 to manufacture BAT cigarettes within North Korea for domestic sale, according to the Justice Department. In 2007, prosecutors say, BAT publicly announced that they would sell all their shares in the joint enterprise, but quietly continued to maintain influence over the company and kept taking profits from sales to North Korea.

to obfuscate the payments.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

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.
แหล่ง: thedailybeast - 🏆 307. / 63 อ่านเพิ่มเติม »

Tobacco company pleads guilty to violating U.S. sanctions on North KoreaBritish American Tobacco, a London-based company with a subsidiary based in Singapore, must pay $630 million in fines to the U.S. government after pleading guilty to violating sanctions on North Korea
แหล่ง: washingtonpost - 🏆 95. / 72 อ่านเพิ่มเติม »