British American Tobacco - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org Let No Man Take Your Crown Wed, 26 Apr 2023 02:37:09 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://www.garnertedarmstrong.org/wp-content/uploads/2024/05/cropped-Screen-Shot-2024-05-16-at-1.06.13-PM-32x32.png British American Tobacco - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org 32 32 British American Tobacco to pay $635m for North Korea sanctions breaches https://www.garnertedarmstrong.org/british-american-tobacco-to-pay-635m-for-north-korea-sanctions-breaches/?utm_source=rss&utm_medium=rss&utm_campaign=british-american-tobacco-to-pay-635m-for-north-korea-sanctions-breaches Wed, 26 Apr 2023 02:37:09 +0000 https://www.garnertedarmstrong.org/?p=43811 British American Tobacco is to pay $635m (£512m) plus interest to US authorities after a subsidiary admitted selling cigarettes to North Korea in violation of sanctions. The US authorities said the settlement related to BAT activity in North Korea between 2007 and 2017. BAT’s head Jack Bowles said “we deeply regret the misconduct”. The US...

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British American Tobacco is to pay $635m (£512m) plus interest to US authorities after a subsidiary admitted selling cigarettes to North Korea in violation of sanctions.

The US authorities said the settlement related to BAT activity in North Korea between 2007 and 2017.

BAT’s head Jack Bowles said “we deeply regret the misconduct”.

The US has imposed severe sanctions on North Korea over its nuclear and ballistic missile activities.

Tuesday’s settlement was between BAT and America’s Department of Justice (DOJ) and the Treasury Department’s Office of Foreign Assets Control.

BAT is one of the world’s largest tobacco multinationals and one of the UK’s 10 biggest companies. It owns major cigarette brands including Lucky Strike, Dunhill and Pall Mall.

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Source: https://www.bbc.com/news/world-us-canada-65393223

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The post British American Tobacco to pay $635m for North Korea sanctions breaches first appeared on Garner Ted Armstrong Evangelistic Association.

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