Agreement with Department of Justice – British American Tobacco (BAT) has reached an agreement with the US Department of Justice and the Treasury’s Office of Foreign Assets Control to resolve sanctions breaches concerning business activities relating to North Korea between 2007 and 2017. BAT has entered into a deferred prosecution agreement with DOJ and a civil settlement agreement with OFAC, and an indirect BAT subsidiary in Singapore has entered into a plea agreement with DOJ. The total amount payable to the US authorities is $635 million plus interest. Investigations were previously disclosed, and provisions were made in the 2022 Half-Year Report.
Click here to read the SENS