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US government fines global cigarette paper supplier over $1.5m for ‘duping’ US banks to trade with North Korea

Cigarette company charged with fraud over shipment to North Korea

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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