OFAC SETTLEMENT WITH INDONESIAN PAPER MANUFACTURER OVER THE SUPPLY OF CIGARETTE PAPER TO NORTH KOREA

On 14 January, OFAC advised of a settlement with PT Bukit Muria Jaya (BMJ), a paper products manufacturer located in Indonesia, which has agreed to pay $1,016,000 to settle its potential civil liability for 28 apparent violations that arose from its exportation of cigarette paper to the Democratic People’s Republic of Korea (DPRK) 2016-18.  It exported cigarette paper to entities located in or doing business on behalf of the DPRK, including to an intermediary in China that procured cigarette paper from BMJ on behalf of OFAC-designated Korea Daesong General Trading Corporation while Daesong was operating under an alias.  It is said that after learning of its exposure to US sanctions laws and regulations, BMJ represented that it ceased all dealings involving the DPRK and adopted a formal written sanctions policy and compliance procedures.

https://home.treasury.gov/system/files/126/20210114_BMJ.pdf

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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