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Violation Tracker Individual Record

Company: British American Tobacco
Current Parent CompanyBritish American Tobacco
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $629,000,000
Year: 2023
Date: April 25, 2023
Offense Group: financial offenses
Primary Offense: economic sanction violation
Violation Description: British American Tobacco (BAT) and its subsidiary, BAT Marketing Singapore (BATMS), one of the world's largest manufacturers of tobacco products, agreed to pay combined penalties of more than $629 million to resolve bank fraud and sanctions violations charges with U.S. authorities, 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). BATMS pleaded guilty to a criminal information filed in 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 (DPA) related to the same charges.
Level of Government: federal
Action Type: agency action
Agency: Justice Department National Security Division
Civil or Criminal Case: civil and criminal
Prosecution Agreement: deferred prosecution agreement
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: tobacco
Specific Industry of Current Parent: tobacco
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.