By Vish Gain for AMLi
A GLOBAL cigarette paper company has been fined more than $1.5m (€1.25m) by the US Department of Justice for deceiving US banks to trade with North Korea despite sanctions.
The Indonesia-based company, PT Bukit Muria Jaya (BMJ), entered a deferred prosecution agreement with the Justice Department for “conspiring to commit bank fraud in connection with the shipment of products to North Korean customers”, according to a DoJ statement released Sunday.
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