By Maya Lester KC & Michael O’Kane

British American Tobacco $508 million OFAC sanctions settlement

British American Tobacco p.l.c. (BAT) has agreed to pay $508,612,492 to settle potential civil liability for apparent violations of US sanctions on North Korea and WMD proliferators. It also agreed to significant compliance commitments and investments for the next 5 years. Settlement Agreement, Enforcement Release, Press Release and Notice. According to OFAC, in 2001, British-American Tobacco Marketing (Singapore) PTE Ltd …

North KoreaNorth Korea Chemical WeaponsChemical Weapons United StatesUnited States

About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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