On 1 March, KPMG reported that OFAC had announced that an India-registered tobacco company, Godfrey Phillips India Limited, has agreed to pay $332,500 to settle its potential civil liability for 5 apparent violations of the North Korea sanctions regulations in 2017.
https://kpmg.com/us/en/home/insights/2023/03/tnf-india-registered-company-agrees-settle-violations-sanctions-regulations.html
https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20230301_33
https://www.buymeacoffee.com/KoIvM842y
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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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