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Indian tobacco firm settles US sanctions violations case over payments for cigarette exports to North Korea

( March 1, 2023, 19:41 GMT | Official Statement) -- MLex Summary: The US Treasury Department’s Office of Foreign Assets Control announced a $332,500 settlement with Godfrey Phillips India Ltd., a Mumbai, India-registered tobacco company, that requested payment in US dollars for its indirect exportation of tobacco to North Korea. One of these five payments was directed to the foreign branch of a US financial institution, the Treasury said.Statement and enforcement notice follow:...

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