United States v. British American Tobacco P.L.C., et al

British American Tobacco (BAT) and its subsidiary, BAT Marketing Singapore (BATMS), one of the world’s largest manufacturers of tobacco products based in the United Kingdom, pleaded guilty to criminal charges arising out of the companies’ scheme to do business in North Korea through a third-party company in Singapore, in violation of the bank fraud statute and the International Emergency Economic Powers Act (IEEPA). The companies agreed to pay combined penalties of more than $629 million to resolve bank fraud and sanctions violations charges with U.S. authorities.

BATMS pleaded guilty to a criminal information filed in the U.S. District Court for the District of Columbia charging BAT and BATMS with conspiracy to commit bank fraud and conspiracy to violate IEEPA. BAT entered into a deferred prosecution agreement related to the same charges.

Related Case:

• United States v. Sim Hyon-Sop, et al

Related Press Release:

• United States Obtains $629 Million Settlement with British American Tobacco to Resolve Illegal Sales to North Korea, Charges Facilitators in Illicit Tobacco Trade