Episode 273 — British American Tobacco’s $629 Settlement for Evasion of North Korean Sanctions
The Justice Department warned companies that sanctions enforcement is the “new FCPA.” Recently, DOJ delivered its first salvo to back up its message. As part of a broad effort to prosecute funding of North Korea’s nuclear program, DOJ and the Office of Foreign Assets Control (“OFAC”) announced a joint settlement with British American Tobacco and its Asian marketing subsidiary (“BAT”), under which BAT agreed to...