Get all your news in one place.
100’s of premium titles.
One app.
Start reading
France 24
France 24
Business
Charles PELLEGRIN

British American Tobacco fined $635 million for violating sanctions on North Korea

BUSINESS DAILY © FRANCE 24

British American Tobacco (BAT) has been fined $635 million for breaching sanctions on North Korea. The British multinational, a leader in the sale of tobacco products, will pay the record sum to US authorities. BAT's Singapore subsidiary admitted to selling cigarettes to North Korea over a decade between 2007 and 2017, in violation of US sanctions on Pyongyang over its nuclear missile activities. But first, we take a look at the resilient earnings reports of Alphabet and Microsoft and at the rising concerns over the future of First Republic Bank.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.