Alerts5.2.23
DOJ Secures Largest Settlement Payment Yet for U.S. Sanctions Violations Involving North Korea
Highlights
The U.S. Department of Justice continues incentivizing robust compliance programs as British American Tobacco was charged in connection with tobacco sales to sanctioned entities in North Korea
Companies face coordinated enforcement by the DOJ and OFAC for violating sanctions regimes and Bank Secrecy Act requirements
U.S. and non-U.S. companies must consider how they will comply with U.S. sanctions and evaluate potential U.S. touchpoints
U.K.-based company pays $629 million for using Chinese shell companies to conceal tobacco sales to North Korea
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