British American Tobacco to pay $635m over North Korea sanctions breaches
Case against the tobacco giant marks the ‘single largest North Korea sanctions penalty’ for US justice department
British American Tobacco (BAT) has agreed to pay more than $635m (£511m) to US authorities after a subsidiary pleaded guilty to charges that it conspired to violate US sanctions by selling tobacco products to North Korea and commit bank fraud.
The tobacco sales at the heart of Tuesday’s settlement took place from 2007 to 2017 to the isolated Communist nation, according to both the company and the Justice Department. North Korea faces an array of US sanctions to choke off funding for its nuclear and ballistic missile program.
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