British American Tobacco to pay £512m for North Korea ‘misconduct’

British American Tobacco (BAT) has agreed a $635.2m (£512m) penalty with US authorities relating to “misconduct” in sanctions-hit North Korea.

The world’s second-largest tobacco firm, which is UK based, said it had entered a deferred prosecution agreement following an investigation relating to its activities in the isolated nation between 2007 and 2017.

BAT said it had reached a deal with
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